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The Chinese economy is being transformed from fast growth to high-quality development. In 2017, the growth picked up for the first time in six years, reaching 6.9 percent, way above the 3.7-percent global economic growth.

Xi urged efforts to strengthen basic research and application, pay attention to the role played by enterprises, enhance intellectual property protection, value innovative talent, and foster and strengthen new industries and innovation-driven enterprises.

China will continue to adhere to the basic national policy of opening up, said Wang, adding that China will promote the construction of the Belt and Road Initiative, firmly support the multilateral trading system, and oppose unilateralism and trade protectionism.

Niue speaks highly of China's active efforts in tackling climate change, appreciates China's support in such areas as transportation and infrastructure, and is ready to strengthen cooperation with the Chinese side in various areas and coordination on international affairs, Talagi added.

Over the past five years, China's trade in goods with countries along the Belt and Road exceeded 5.5 trillion U.S. dollars. Chinese direct investment in the non-financial sectors of these countries reached 80 billion dollars during the same period.