China's President Xi: Overall momentum of China's economy is sound

China's President Xi Jinping noted on Monday that they are fully confident in China's economic development and added that the overall momentum of the economy is sound, as reported by Reuters.

Additional takeaways

"World today is undergoing major changes."

"World has found itself in a new period of turbulence and transformation."

"We need to foster new opportunities amidst crises."

"The world economy still faces constraints."

"Countries should strengthen economic policy coordination."

"Should prevent world economy from dipping again."

"We need to discard cold war mentality."

"Confrontation will lead to disastrous consequences."

"We should stand against all forms of unilateralism or power politics."

"Will continue with reforms and opening-up."

"Will continue to let the market play a decisive role in resource allocation."

"All types of capital are welcome in China in compliance with laws."