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Cooperation will help SCO members improve partnership, increase investment, expand consumer markets and improve employment, guaranteeing development for all, according to a statement issued by the SCO after a meeting of prime ministers concluded in the central Chinese city of Zhengzhou.

China must not be absent from international affairs, Xi said in his New Year speech Thursday, as the world is looking forward to voices and answers from China.

The China-Kazakhstan capacity cooperation fund will be linked to the Silk Road Fund, he added.

He also invited democratic supervision from the non-CPC parties and individuals to ensure the sound performance of significant policies and reform measures.

"Supply-side structural reform will be a key development strategy in the 13th Five-Year Plan period," said Xi, calling for efforts to slash overcapacity, cut stockpiles, reduce leverage, lower costs of doing business and fix shortcomings.