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"China values very much our regular monetary and fiscal policies. We will not pour cash into the market or adopt monetization of financial deficit. Negative interest rate will neither be implemented," he added.

"China tends to be a country that's very innovative, very forward-looking as far as deploying new technologies, and we think those two technologies are going to play a big role in China's energy future," he said.

"China's reform and opening up meets its people's aspiration for development, innovation and a better life. It also meets the global trend toward development, cooperation and peace," said Xi when addressing the opening ceremony of the annual conference of the Boao Forum for Asia (BFA) in the southern island province of Hainan.

"China's internet insurance industry is still nascent," said Tuo Guozhuo, professor of the Insurance Department of Capital University of Economics and Business.

"China should rapidly increase the share of non-fossil energy in its primary energy consumption in order to achieve its carbon neutrality goal, especially promoting the decarbonization of the power generation industry," said Liu Yiyang, deputy secretary-general of the China Photovoltaic Industry Association, at the summit.