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China has made tremendous strides in AI over the past five years as it has outpaced the United States in the number of worldwide AI-related patent applications, said a report from a Ministry of Industry and Information Technology research unit.

China has a lot of macroeconomic room to deal with the crisis, but many countries may not, which would slow overall recovery.

China expects intelligent cars with some autonomous functions to account for 50 percent of new vehicles to be sold in the country by 2020, as part of its efforts to grow into a global power in the sector by 2035, according to a blueprint released by the National Development and Reform Commission earlier this month.

China has maintained its position as the world's second largest economy and contributed more than 30 percent of global economic growth, Xi said.

China has endured 21 major floods so far this rainy season, one more than in 1998. As of Tuesday, alert-triggering floods have occurred in 833 major rivers, and 77 of those waterways experienced their most severe floods on record, according to the Ministry of Water Resources.