Xi said that the Global Development Initiative put forward by China calls for concerted efforts to advance the United Nations'2030 Agenda for Sustainable Development in all respects.

"We should support the World Trade Organization-centered multilateral trading regime, ensure the security and stability of global industrial and supply chains, and make the pie of cooperation bigger to allow development gains to better trickle down to people of all countries," Xi said.

He called for strengthening international cooperation on vaccine research and development, production and distribution, and for bolstering global public health governance, jointly building multiple lines of defense against the virus, and working for a global community of health for all.

In his speech, Xi also stressed the need to unleash the power of innovation in driving global development.

"We should tap into the potential of innovation in spurring growth, jointly step up intellectual property protection, make rules on the basis of extensive participation and consensus building, and foster an open, fair, equitable and nondiscriminatory environment for scientific and technological development," he said.

He also called for intensifying international exchanges and cooperation on innovation, facilitating integration of science and technology with economic growth, increasing the sharing of innovation results, and removing all barriers that hamper the flow of knowledge, technology, talent and other factors of innovation. "By doing so, we will better unleash the gushing vitality of innovation," he added.

Xi reiterated in his speech that China will not change its opening-up policy, but rather that the door of China will open still wider to the world.

"China will continue to foster an enabling business environment that is based on market principles, governed by law and up to international standards," he said.

"We will pursue high-standard implementation of the Regional Comprehensive Economic Partnership agreement and high-quality Belt and Road cooperation, and offer more market, investment and growth opportunities to the global business community."

Full Text: Chinese President Xi Jinping's address at the conference of the 70th anniversary of CCPIT and Global Trade and Investment Promotion Summit