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President Xi Jinping called on Da-qing Oilfield staff on Thursday to keep pursuing reform and innovation and push forward high-quality development.

Presided over by Xi Jinping, general secretary of the CPC Central Committee, the meeting stressed that the battle against poverty is one of the "three tough battles" that the country must win to build a moderately prosperous society by 2020. To achieve the goal, China needs to lift around 30 million poor rural residents out of poverty in the next three years.

Potential investment opportunities may arise in fields like advanced manufacturing, environmental protection and poverty relief as investors expect supportive government policies to be rolled out during the ongoing annual meeting of the country's top legislative and political advisory bodies, market mavens said.

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Powell said shrinkage of the US economy "could easily be in the 20s or 30s (percent)" but the situation differs from the Great Depression because the Federal Reserve has taken steps to support the economy and Congress has approved nearly trillion in emergency funding. The House has passed and the Senate and is about to debate a second stimulus package.

Preferential policies for small businesses and startups will be well implemented, while regulators will crack down upon malpractice in human resource services.

Posters of the films

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Prego at the Westin Financial Center Beijing, 9B Financial Street, Xicheng district. 010-6606-8866.

President Xi Jinping receives Senegal’s top medal of honor from Senegalese President Macky Sall as they jointly meet with the media in Dakar, Senegal, on Saturday. XIE HUANCHI / XINHUA

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Powell said the Fed's new policy reflected "our view that a robust job market can be sustained without causing an outbreak of inflation".

Pompeo highlighted strong US support for Albania's bid to join the European Union (EU) and for on-going judicial and electoral reform efforts, the statement added.