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Xi said the summit will stay committed to the building of an even stronger community with a shared future for China and Africa. The summit will be of major significance in advancing the further development of the China-Africa comprehensive strategic cooperative partnership and enhancing the solidarity and cooperation among developing countries, he added.

Xi expressed appreciation to Ramaphosa for his important contributions to the establishment of diplomatic ties between the two countries and to the development of bilateral relations.

Xi and Putin also pledged to jointly push for the implementation of the Paris Agreement on climate change and expand the China-Russia people-to-people and cultural exchanges in the statement.

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Xi's remarks come after the nation's top financial regulatory bodies rolled out a series of measures the more closely monitor the whole industry.

Xi Jinping: The Governance of China was held in the Turkish capital Ankara on Monday and was attended by Vice-Premier Liu Yandong and Turkish Deputy Prime Minister Mehmet Simsek.

Xi stressed the need to improve the Party's leadership over major work, and optimize functions of administrative departments and further streamline administration in deepening reform of Party and state institutions.

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Wu said they initiated the transformation after receiving a request from the city government that has been coping with a short supply of facial masks amid the outbreak.

Xi's report boiled down to two strategic judgments: That socialism with Chinese characteristics has now entered a new era, and that the principal contradiction in society is between people's ever-growing needs for a better life and unbalanced, inadequate development.

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Xi arrived in Switzerland on Sunday for a four-day state visit and the WEF annual meeting, which is themed "Responsive and Responsible Leadership" this year. About 50 heads of state and 1,700 political, business, academic and media leaders from across the world attended the opening ceremony.

Xi stressed that he is willing to maintain close communication with Modi to jointly steer the direction of China-India relations, increase political mutual trust, properly manage differences and expand practical cooperation so as to guide a better and more stable development of bilateral ties.