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"China has no intention of stimulating exports via competitive devaluation of currencies," he said, adding that China is capable of keeping the yuan's exchange rate basically stable at an appropriate and balanced level.

Later on Wednesday, Xi met with 10 people awarded for their outstanding contribution to the China-Egypt friendship, including former UN Secretary-General Boutros Boutros-Ghali.

Electricity companies have made plans to remove ice from key facilities and authorities are taking precautions to prevent traffic jams, power failures and train or flight delays to reduce the impact as the Chinese Lunar New Year holiday comes near.

"Potentially you (Russia) can be one of the largest sources of agricultural imports to China. It is a win-win situation for both China and Russia," he said.

"I think (the anti-corruption drive) is for real and it's big, and I think it will carry on," he said in an article published on his website.