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Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks while addressing the opening of a training session for young and middle-aged officials at the Party School of the CPC Central Committee (National Academy of Governance).

Commanding the country's fight against poverty, Xi put forward clear work plans and targeted measures at each key moment. By the end of 2019, China's poverty headcount ratio had dropped to 0.6 percent.

During his trip to the Shanghai FTZ, Li said Shanghai should continue to act as a forerunner in reform and opening-up and set an even higher benchmark. While talking with Chinese and foreign engineers of SAP Labs China, a foreign-owned enterprise operating in the Shanghai FTZ, he stressed efforts to develop services for manufacturing by leveraging the industrial internet, deepen opening-up and cooperation, promote the upgrading of "Made in China," strengthen the industrial and supply chains, and foster new growth drivers.

As the country brought COVID-19 under control, the government rolled out a series of policies, including higher fiscal spending, tax relief and cuts in banks' reserve requirement rate to cushion the economy from the epidemic blow and support employment.

The regulation will go into effect on Nov. 1.