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Xi made the remarks in a report to the 19th National Congress of the Communist Party of China at the Great Hall of the People in central Beijing.

Xi Junyang, a professor at Shanghai University of Finance and Economics, said that financial institutions play a significant role in supporting projects in Belt and Road economies, and foreign banks which operate in China and have established a global market presence are likely to use their global networks to play a role in this.

Xi happy to see Mediterranean nation pull itself out of financial difficulties

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Xi also said that guarding against systemic financial risks is the eternal theme of financial work and the government should take stronger initiative to monitor, warn against and deal with risks in a timely manner.

XI'AN -- A fire at a rural apartment building in Northwest China's Shaanxi province killed four people and injured 13 early Tuesday.

Xi said in his speech that "A trade war should not be waged, because no one will benefit from that", and economic hegemony should be resisted as it harms the common interests of the international community.

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Xi called on elderly people to continue to tell young people more stories about Macao before and after its return to the motherland, encourage young people to be actively engaged in the construction of the Guangdong-Hong Kong-Macao Greater Bay Area and join hands to build an even more beautiful Macao.

Xi said there are some positive signs for the global economy, but the three fundamental contradictions he mentioned last year during the World Economic Forum meeting in Davos, Switzerland, still exist. They are the lack of a driving force for global economic growth, lagging global economic governance and unbalanced global development.

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Xi and his wife, Peng Liyuan, were warmly received by Senegalese President Macky Sall and his wife Marieme, as well as Prime Minister Mohammed Dionne at the airport.

Wumart at that time faced a severe labor shortage when some employees couldn't return from their hometowns in time after the Lunar New Year holiday. The COVID-19 outbreak has led to food stockpiling by consumers, resulting in online order backlogs and long lines at retailers.