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Hailing Asia's large population and cultural diversity, Li said that it is the harmonious and peaceful environment that contributes to regional countries' development, including China.

Bambang Suryono, president of the Indonesia-based Nanyang ASEAN Foundation, said the new law not only provides legal basis for the philanthropy of individuals and social groups, but also allows the charity sector to play a significant role in China's poverty alleviation drive.

While visiting the house of Zuo Xiufa, offspring of a revolutionary martyr, Xi was glad to see that Zuo has shaken off poverty by using local bamboo resources to start his own processing business.

Billionaire investor George Soros' recent "hard landing" prediction at Davos renewed the decades-long "doom" theory about the Chinese economy. Other Western analysts accused China of causing global stock market swings last week.

While this range is lower than last year's target of around 7 percent, "it still sends a strong signal to the market that the government is resolved to keep growth momentum at a rate that is above potential," the Institute of International Finance (IIF), a global association representing about 500 financial intuitions, said Thursday in a research analysis.