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Yi recognized some volatility on the yuan exchange rate, but said markets should not overreact, as the yuan's fluctuation range is still smaller than many other currencies.

Authorities should encourage innovation and praise outstanding individuals, but also tolerate mistakes and failure in reforms so officials feel free and bold in carrying them out.

At Xinhua's new media newsroom, Xi clicked a "Like" button on the agency's mobile app, extending his appreciation to all Chinese journalists for their diligence. Xi was shown news coverage such as the Silk Road Website, a portal that follows the progress of the China-proposed "Belt and Road Initiative," and a photo gallery.

The premier also vowed that China is capable of preventing regional and systemic financial risks. He noted that most of China's big commercial banks are state-owned. The government's debt ratio, especially that of the central government is comparatively low while the people's saving rate is comparatively high. The central government could support banks to maintain the capital adequacy ratio at a relatively high level by market means. The central bank also has many tools to prevent financial risks.

"We see no indication that ... this militarization effort, has stopped. And it's doing nothing ... to make the situation there more stable and more secure," Kirby said at a regular news briefing on Thursday.