"Going forward, China will lay more emphasis on expanding import, and pursue balanced development of trade," he said, adding that measures such as opening more demonstration zones for creative promotion of import trade and increasing imports from neighboring countries will be taken.

Vowing to firmly promote high-standard opening up, Xi said that the country will take steps including further shortening the negative list for foreign investment, as well as revising and enlarging the encouraged industry catalogue.

"China will firmly uphold the common interests of the world," Xi said, noting the country will take an active part in cooperation within the United Nations, the WTO, the G20, the Asia-Pacific Economic Cooperation, the Shanghai Cooperation Organization and other institutions.

He also said that China will support the fair distribution of and unimpeded trade in vaccines and other key medical supplies across the world.