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As the world has been going through profound changes unseen in a century, Xi said the power of culture has an indispensable role for mankind to jointly deal with the challenges and strive for a better future.

As the world economy faces a multitude of challenges with the West leaning toward unilateralism and trade protectionism, East Asian countries however have steadily advanced regional cooperation and maintained strong momentum of regional growth, Ruan Zongze, executive vice president of China Institute of International Studies, said.

As to the exploration of the first type of potential, China needs to make efforts to catch up with developed countries. The country could, however, keep pace with these major economies and even lead the world in tapping the second type of potential, he noted.

As some 70 heads of state and government and 38 leaders of international organizations are heading for the Davos forum slated for Jan. 23-26, China will be represented by Liu He, member of the Political Bureau of the Communist Party of China Central Committee and director of the General Office of the Central Leading Group for Financial and Economic Affairs.

As with the Chinese community in the UK, so it was with their peers in Spain. Du Tong, president of an association of Chinese students and researchers in Barcelona, said that the association's members and volunteers had been busy dealing with donations and providing assistance to China from January to early March. When the pandemic reached Spain, they turned their attention to supporting the Chinese students and medical institutions in the country.