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China should build technological capabilities and explore digital lending options to address the financing problems of micro and small enterprises, experts said.

China should not only learn the best practices of developed countries in building a modernized economy but also make sure they are used in accord with the country's own situation, Xi said.

China will continue to provide public goods and services to countries bordering on the South China Sea and will work with them to maintain regional peace, Foreign Ministry spokesman Geng Shuang said on Thursday after the inauguration of a tsunami alert center.

China plans this month to launch its long-awaited crude oil futures contract that will allow the country to further open up its markets, develop China’s own benchmark for oil pricing and potentially expand the use of its currency.

China on Thursday rebutted any comparison between the Belt and Road Initiative and either the Marshall Plan or a geopolitical strategy, emphasizing that the BRI is a global public initiative proposed by China.