"The people on both sides of the Taiwan Strait are one family," Mr Xi said in a speech televised on China's state broadcaster CCTV. “No one can sever our family bonds, and no one can stop the historical trend of national reunification.”

Chinese President Xi Jinping emphasized China’s commitment to global governance reform and assured the people about the economy, saying that the country has proactively responded to the impacts of the changing environment at home and abroad.

Chinese President Xi Jinping was reportedly dismissive about the threat of deflation hitting the economy. While consumers can benefit from falling prices, persistent deflation can also lead to a downward spiral for spending and investment.