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As a colorful annual festivity, the celebrations of the Chinese New Year, or Spring Festival, will continue through Tuesday.

As a representative of China's private companies, Li said China's ongoing industrial upgrading boom will push innovative companies to seek bigger space in the market.

As a retail giant, the company is seeking to empower its future growth with technologies and services. JD.com's net service revenue surged 47 percent year-on-year to reach 16 billion yuan (.3 billion) in the third quarter of this year.

As heavy snow continues to hit central and eastern China and the cold front continues to bring down temperatures in the region, the country's national observatory maintained a yellow snowstorm alert and a blue cold alert for Thursday. In the country's four-tier weather warning system, red is the most severe, followed by orange, yellow and blue.

As a driving force for the global economy, the G20 should adhere to open development, support the multilateral trade system with the World Trade Organization at the core and prompt trade and investment to continue playing the role as an engine for the world economic growth, Xi said.