Xi underscored China's evolving pressures, including external uncertainties and the need for economic transformation.
"The Chinese economy faces some new conditions, including challenges of uncertainties in the external environment and pressure of transformation from old growth drivers into new ones," Xi stated, according to The Wall Street Journal.
Acknowledging the reduced reliance on international investment, he expressed optimism about the country's resilience.
"But we can prevail with our hard work," he affirmed. "As always, we grow in the wind and rain, and we get stronger through hard times. We must be confident."