Xi also called for implementing an open, green economy with a transparent development concept and building a sustainable and inclusive global economy.
Wu said subsidy cuts will see small and uncompetitive players wiped out faster than expected but outstanding performers would not be affected much.
Wuxi has indisputably boomed since the reform and opening-up.
Xi said the two countries should strengthen cooperation under such multilateral frameworks as the United Nations and the G20. He urged the two sides to take practical action to uphold the basic norms governing international relations underpinned by the UN Charter and safeguard the multilateral trading system.
Xi said he believes that Peru will prevail over the epidemic at an early date under the leadership of President Vizcarra, adding that the friendship between the peoples of the two countries will be deepened in their joint fight against the epidemic.
Xi said they should cooperate to make the events successful and promote friendship between their people, and that he hopes bilateral ties will have greater development next year.
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Xi, also Chinese president and chairman of the Central Military Commission, made the remarks at the second plenary session of the 19th Central Commission for Discipline Inspection of the CPC, the Party's disciplinary watchdog.
XINING - A new China-Europe freight train line was launched Tuesday, linking Delingha, Northwest China's Qinghai province, with Russia.
Xi calls the current phase the new normal, from which an economy is emerging that is more sustainable and inclusive. To ensure this rebalancing succeeds, he has put forward supply-side structural reform.
XI'AN - More than 7 million Chinese tourists visited Japan last year, an official with the Japan National Tourism Organization said here Sunday.