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"China will not close its door to the world; we will only become more and more open," Xi stated on multiple occasions.

The organization has decided to provide 5 million yuan (731,000 U.S. dollars) to set up a disaster preparedness and relief center in Tibet. More funds in terms of hematopoietic stem cell donation, and organ donation and transplantation will be established.

"China has handled new challenges at home and abroad with composure and concentrated its efforts in addressing domestic affairs, enhancing the endogenous dynamic of economic development, defusing risks with multiple measures, and keeping its economy operating within a reasonable range," he said.

The following is the full text of the speech:

Talking about China's economic policies, Li said China will keep to the course of reform and opening-up and roll out reform measures in all respects to maintain China's position as a magnet for foreign investment.