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China is dedicated to the denuclearization of the Korean Peninsula, safeguarding the peninsula's peace and stability, and resolving problems through dialogue and consultation, Xi said.

China hopes to increase GDP by about 6.5 percent this year. At this rate, the nation will generate more output than it did during the days of double-digit growth.

China is a socialist country of people's democratic dictatorship under the leadership of the working class based on an alliance of workers and farmers; it is a country where all power of the state belongs to the people. China's socialist democracy is the broadest, most genuine, and most effective democracy to safeguard the fundamental interests of the people. The very purpose of developing socialist democracy is to give full expression to the will of the people, protect their rights and interests, spark their creativity, and provide systemic and institutional guarantees to ensure the people run the country.

China has thousands of SOEs, but many have stagnated due to lack of competition. The government is improving their performance through a series of reforms, moving toward mixed ownership and market-oriented management.

China has set an ambitious goal for a third of new cars sold in 2020 to have connectivity and self-driving features in an effort to fuel fast-evolving changes in the automotive industry.