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As this year marks the 30th anniversary of the establishment of diplomatic ties between China and Singapore, the China-Singapore relations are at a new historic starting point, Yang said.

As the two countries achieve economic recovery, he said they should make full use of their respective strengths, and promote mutual development as well as cooperation in trade, economic matters and in industrial supply chains.

As we speak, the world economy is still on the road to recovery, yet factors of instability and uncertainties have notably increased, posing risks and challenges that are deeply concerning. Protectionism and unilateralism are on the rise. With economic globalization suffering setbacks, the rules-based international order and the multilateral trading system are coming under strain. Just as we did before, the APT countries should work together in the spirit of solidarity and mutual help to tackle the challenges head on and turn crisis into opportunities through a collective response. We need to shoulder greater responsibilities for regional stability and play a bigger role in promoting regional prosperity and development. We should remain committed to economic globalization, multilateralism and free trade, and work to advance regional economic integration and build an open world economy. We need to seize the opportunities brought by the new round of technological and industrial revolution to strengthen innovation cooperation and nurture new drivers of growth.

As the third presidential impeachment trial in US history began in earnest, Trump's chief legal defender argued the Democratic case was a baseless effort to overturn the 2016 election but a top Democratic lawmaker said there was "overwhelming" evidence of wrongdoing.

As the host country of the Boao Forum, China will provide more space for its development, Xi said, adding it is hoped that the forum continues to support China's development and play a positive role in promoting common prosperity.