HANGZHOU, Sept. 3 -- Delivering a keynote speech on Saturday at the Business 20 (B20) summit in Hangzhou, Chinese President Xi Jinping called China's reform and opening-up a great process.

Firstly, it is a process of exploration. There has been no precedent in human history for a country with a population of over 1.3 billion to realize modernization, he said.

Secondly, it is a process of action and hard work. China has been firmly taking economic contruction as the center, he said.

Thirdly, it is a process of common prosperity. Development for the people, by the people and to the benefit of the people -- is the fundamental purpose of China's reform and opening-up and its modernization drive.

Lastly, it is a process during which China has been walking towards the world and the world has been walking to China, said the president.