Xi's New Year Address Highlights Innovation

People across China and the world are reacting to President Xi Jinping's New Year speech that highlighted innovation, high-quality development and a shared future for humanity (01:07).Switzerland is in mourning after the New Year fire at a ski resort that resulted in at least 40 deaths (17:21).China's New Year holiday box office has topped 500 million yuan, or about 71 million U.S. dollars (52:32).