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China's increased integration with the global economy will be an essential part of the global economic recovery, said Carlo Filippini, an emeritus professor of economics at Bocconi University in Milan.

China's development is an opportunity for the world and the nation welcomes other countries to share its opportunities, Xi said.

China's forex reserves rose for 11 months running to .14 trillion at the end of December last year, as the economy got on a firmer footing and the government stepped up regulation of illegal capital transfers and overseas investment.

China's new bullet train "Fuxing" departs from Beijing South Railway Station in Beijing, capital of China, June 26, 2017. The new bullet trains, also known as electric multiple units (EMU), boast top speeds of 400 kilometers an hour and a consistent speed of 350 kilometers an hour. China's annual political sessions of the National People's Congress (NPC) and the National Committee of the Chinese People's Political Consultative Conference (CPPCC) are scheduled to convene in March, 2018. During the two sessions, development agendas will be reviewed and discussed, and key policies will be adopted. Year 2018 marks the first year of fully implementing the spirit of the 19th National Congress of the Communist Party of China, in which innovation has been labeled as the primary driving force behind development and the strategic underpinning for building a modernized economy. [Photo/Xinhua]

China's development will bring more opportunities to Africa, while Africa's development will add momentum to China's development, President Xi Jinping said.