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At a joint press conference following Xi and Obama's Friday meeting, Xi said both sides agreed to expand all levels of dialogue and communication to strengthen mutual understanding and trust.

"The new leadership has a wider background of knowledge, better education and more experience in working at various posts," said Ji Zhengju, an official from the Central Compilation and Translation Bureau, a CPC think tank.

The group is tasked with determining the scale of the damage by conducting on-site inspections and holding symposiums. It will primarily focus on the damage to houses and infrastructure, as well as losses in the industrial and public service sectors, according to the statement.

The world economy is still in a state of profound readjustment, while Asian countries see comparatively better economic performance, Xi said. However, it is difficult for Asian economies to break away from unfavorable impact from the outside.

BEIJING, May 2 (Xinhua) -- New rules on foreign debt registration have been unveiled in China in an effort to enhance the monitoring of debts and prevent potential risks, the industry's regulator announced on Thursday.