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China is seeking to balance domestic development between different regions. For the same purpose, the UK has proposed plans such as the "Northern Powerhouse" and the "Midlands Engine for Growth". This Summit, together with China-UK Joint Economic and Trade Commission, provides an excellent platform for the two sides to deepen understanding of each other's development strategies and dovetail relevant plans so as to create a better environment for business cooperation.

China is sitting atop the biggest trove of strategic rare earth elements on the planet — 40 million metric tons, more than a third of the estimated global total.

China is the largest contributor of peacekeepers among the five permanent members of the United Nations Security Council and has been contributing to the peaceful settlement of the Korean Peninsula nuclear issue, the Iranian nuclear issue and other regional and international hot spots, as well as the response to climate change and other global challenges.

China is expected to further open its market to imports from Brazil, Russia, India and South Africa, and spearhead an anti-trade protectionism campaign. In the past six months, China's imports from these countries surged 33 percent year-on-year.

China is looking to host 10 AI innovation development pilot zones by 2020. Shanghai was chosen as one destination to water-test breakthroughs in AI-related technology, policy, social impacts and governance, said Zhang Xu, vice-director of department of strategy and planning at the Ministry of Science and Technology.