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China, Xi said, stands ready to work with the DPRK to maintain, consolidate and develop bilateral relations, and push for steady and enduring development of the socialist cause of both countries, so as to create more benefits for the two countries and peoples, and make new positive contributions to regional peace, stability, development and prosperity.

"Such activities not only conform to the trend of the times but also meet the needs of Hong Kong's current economic and social development," Hu Zhanghong, CEO of Greater Bay Area Homeland Investments Limited, said when explaining why live-streaming emerged as a new hit in Hong Kong's e-commerce sector.

"A stable and cooperative global context is undoubtedly one of the necessary conditions for development," he said, adding that "the recent unilateralism of the United States affects the stability and orderly function of the international system, particularly in economic, commercial, and financial aspects."

Such efforts are aimed at turning the Yangtze River Economic Belt into the country's main focus for green development, the major artery for a smooth "dual circulation" of domestic and international markets, and the main force spearheading high-quality economic development, he said.

"These are two concomitant processes that feed into each other. In a sense, economic development is necessary to reduce poverty, but in turn, poverty reduction is also a necessary factor in achieving economic development," he added.