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As the next year will mark the 70th anniversary of the establishment of China-India diplomatic ties, Xi called on the two countries to make joint efforts to ensure celebrations and the China-India year of cultural and people-to-people exchanges a success so as to enhance the friendship between the two peoples.

As the government plan to channel more funds into infrastructure construction and cut taxes and fees for the corporate sector gradually takes effect, the PPI may continue to rise in the first half of this year, said Guotai Junan Securities in a note.

As the contractor of Reppie, Africa's first waste-to-energy incineration plant in Ethiopia, the China National Electric Engineering Company introduced its technology and machinery to help the country's capital incinerate 1,400 tons of waste per day, roughly 80 percent of the city's rubbish. The plant is due to begin operating in January next year, according to the UNEP website.

As two major markets and civilizations of today's world, China and Europe should firmly advance their partnership and instil more stability and positive energy into the international community, Xi said.

As the headquarters of internet giant Alibaba, Hangzhou has implemented the Alibaba City Brain Project using AI algorithms to monitor and control traffic signals and street cameras.