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GENEVA, Jan. 18 (Xinhua) -- Chinese Premier Li Keqiang's upcoming presence at the Annual Meeting of the World Economic Forum (WEF) will surely strengthen the international community's confidence in China's economic outlook, a Chinese envoy has said.

We continued to put people first, sustaining increases to spending in areas that are important to improving standards of living. We have been working to build up a basic safety net, ensure there is a cushion in place for those most in need, and make relevant institutional arrangements. Despite a slowdown in the growth of government revenue and increased pressure on expenditures, more than 70% of last year' s government budget was spent on ensuring standards of living.

From today, following a year of testing, Xinhua will share China and world news around the clock on its social media accounts. Content will also include Xinhua photographs and videos.

The former leaders expressed their gratitude and expectation that all Party members and Chinese people of all ethnic groups would unite to push forward the building of a moderately prosperous society in all respects, the comprehensive reform, the rule of law and the strict management of the Party.

In 1955, 29 Asian-African countries gathered in Bandung, Indonesia to discuss independence, peace and economic prosperity. The conference adopted a final communique containing ten principles, which underline respect for sovereignty and territorial integrity of all nations and recognition of the equality of all races and the equality of all nations.