SHANGHAI, Nov. 4 -- Chinese President Xi Jinping and his wife Peng Liyuan hosted a banquet Monday evening in Shanghai to welcome distinguished guests from around the world, who are here to attend the second China International Import Expo (CIIE).

The CIIE is designed to trade goods and services, exchange culture and ideas, welcome visitors from across the globe, benefit the whole world and respond to the aspirations of people from various countries to live a better life, Xi said.