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Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, the latest achievement for the Sinicization of Marxism, is a crucial part of socialism theories and a guiding thought that the Party should uphold for a long term, Li added.

Xi said the external environment of China’s development is undergoing marked changes and the country’s economy has transitioned from high-speed growth to high-quality development.

Xi noted that there are many complicated factors that are related to work in halting the commercial activities of the military.

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Xi stressed that China does not seek a trade surplus and has a "genuine desire" to increase imports, highlighting the first China International Import Expo to be held in Shanghai this November as evidence.

Xi's thought makes eight fundamental issues clear, including the overarching objectives for upholding and developing socialism with Chinese characteristics in the new era, as well as the direction, model, and driving force of development, and the strategic steps, external conditions and political guarantees, he said.

Wuhan - the Chinese city hardest hit by the novel coronavirus outbreak - is expected to see over 55,000 outbound rail trips on Wednesday, the first day the city lifts outbound travel restrictions after over two months of lockdown, according to the local railway operator.

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Xi said China will continue this journey of reform and opening-up, which serves not only China but also "meets the global trend toward development, cooperation and peace".

Xi welcomed Siew and other Taiwan businesspeople to visit Boao and make joint efforts to draw the blueprint for cooperation and development in Asia.

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Xi chose Shenzhen as his first stop outside Beijing after his election as general secretary of the Communist Party of China Central Committee in 2012.

Xi said that the theme of the forum－Globalization and Free Trade: The Asian Perspectives－reflected the keen attention on the issue from the international community, especially in Asia.