Xi leads China's pursuit for higher-level opening-up

The country has vowed to foster a new development pattern where domestic and foreign markets boost each other, with the domestic market as the mainstay.

That does not mean China is developing its economy with closed doors, Xi told a symposium of entrepreneurs in July last year.

In fact, China is further integrating into the global system.

The country joined the Regional Comprehensive Economic Partnership – the world's largest free trade bloc comprising 2.2 billion people – and concluded talks with the European Union on an investment treaty last year.

China has also officially applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, another free trade pact.

China is also joining other countries in achieving common development.