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Stagnation and graft in the post-war years caused growing unemployment and gradual disillusion.
The government is boosting clean energy car subsidies in a bid to improve the air quality in major cities.
Kiev should conduct constitutional and electoral reforms said the US.
The US added a disappointing 113000 jobs in January.
The host city puts on a dazzling show celebrating ballerinas, cosmonauts, Peter the Great, Tolstoy, and Russian tennis greats.
Xi said China will continue to promote peaceful settlement of international disputes.
The two leaders met as hundreds of athletes from 88 countries poured into Sochi, host of the 22nd Winter Olympics.
The statement came a day after the two Koreas decided to hold family reunions later this month - the first such measure in more than three years.