Chinese President Xi Jinping said Saturday China is now standing at a new historic starting point of development, when delivering a speech at the Business 20 (B20) summit.

Addressing the B20 summit in Hangzhou, he said China is standing at a new starting point for comprehensively deepening reform and injecting new impetus in economic and social development, adapting to the new normal of economic development and transforming economic development mode, as well as deeply interacting with the world.

China is confident and capable of keeping growth at medium-high speed and continuing to provide the world with more development opportunities while realizing its own development, he said.

Proceeding from this new starting point, China will unswervingly deepen reform in a comprehensive manner, implement innovation-driven development strategy, pursue green development, deliver more benefits to the people and further open up to the world, Xi said.

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