Here are some key quotes from the speech, which ran for more than three hours:

ON FOREIGN POLICY

“China opposes imposing its own will to others, opposes interference in the internal affairs of other countries, and opposes the strong nations bullying the weak”

In May, Xi pledged 540 billion yuan ($82 billion) and encouraged banks to contribute another 300 billion yuan in overseas capital to finance the Belt and Road initiative The backdrop:

ON ECONOMY

“We will move Chinese industries up to the medium-high end of the global value chain, and fostera numberof worldclass advanced manufacturing clusters”

The backdrop: Growth in the world’s second-largest economy decelerated last year to 6.7%, the slowest annual pace in a quarter century

ON MARKETS

“We will improve the framework of regulation underpinned by monetary policy and macro-prudential policy, and see that interest rates and exchange rates become more market-based”

The backdrop: Xi’s team took steps to ensure against any financial-market disruptions in the run-up to the congress, with the stock market seeing its lowest volatility in 25 years. China also succeeded in disrupting the consensus view that the yuan was set for continuous gradual deprecation, with the currency poised for an annual gain in 2017 after three straight years of declines

ON FOREIGN INVESTMENT

“China upholds the basic national policy of opening to the outside world and insists on opening up its door to engage in construction” The backdrop: China ranks 59th out of the 62 countries evaluated by the Organization for Economic Cooperation and Development in terms of openness to foreign direct investment