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This week, China stepped up its efforts to reverse the deepest slowdown since the global financial crisis in the world's second-biggest economy.
With China's economy suffering its deepest slowdown in a quarter century, Xi is also on the lookout for new outlets for Chinese industry.
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That could be a sign of a much deeper slowdown.
"It's an important slowdown but it's not a very deep slowdown, it's more a protracted slowdown".
The contrast with the eurozone, where PMI survey data published today suggested an even deeper slowdown, could not be sharper.
Fearing a deeper slowdown, Brazilian authorities last week introduced a fiscal stimulus package, including tax cuts on some appliances and food, intended to get consumers to spend again.
But a collapse in Europe risked a far deeper slowdown in the emerging world, as exports plunged and foreign capital fled.
While China's successful economic policies paved the way for a quick rebound there, the recession caused a deeper slowdown in the United States, slashing oil consumption by 10 percent from its 2005-7 peak.
With the reporting season for companies close at hand, investors in Europe prepared themselves for bad news on Monday: Oil prices fell and the Organization for Economic Cooperation and Development predicted a deep slowdown across the world's major economies.
Singapore cut its 2008 growth forecast for a second time this year, joining its Asian neighbors in signaling a deeper slowdown.
Although worries over supply linked to the Israeli invasion of the Gaza Strip and the gas dispute between Russia and Ukraine have kept prices above $40.00 since the Christmas period, the OECD kept up a gloomy view of the world economy by pointing to "deep slowdowns" in developed and emerging markets alike on Monday.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com