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"China-ASEAN ties have become one of the most vigorous and enriched dialogue partnerships of ASEAN," Xi added.

"Cooperation between China and the US not only leads to a win-win situation for the two countries but also benefits the world economy, while confrontation only causes damage to both sides," he said.

"Cross-border capital flows should be monitored by the Chinese monetary authority next year to prevent unexpected fluctuations, which have happened in some emerging market economies this year," said Wang Shengzu, co-head of the Investment Strategy Group Asia at Goldman Sachs Private Wealth Management.

"China will push for the development of energy-saving, environmentally friendly agriculture, expand pilot programs to replace chemical fertilizers with organic alternatives, and speed up efforts to utilize agricultural waste," he said.

"Currently, almost all costs of AVIC subsidiaries pertaining to a military aircraft's research, development and production come from the military and AVIC. This means Shenyang Aircraft has to rely on its own profits, together with a limited amount of funds from the parent company, when it designs, makes and markets a fighter jet specifically developed for foreign users," Wang said. "This must have hindered the firm's endeavors to tap the international market."