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China is now leading the world in technological innovation, characterized by the fast development of the mobile internet, big data and artificial intelligence technology. The significant technological innovation and advancement in this market is filling the world with imagination.

China is dedicated to building an open world economy to contribute to the development of Asia and the world, Xi said, adding that the business leaders are welcome to board the fast train of China's development and share in the fruits of China's reforms, opening-up and development.

China is aiming to keep annual CPI growth at around 3 percent this year, the same as the 2017 target.

China is ready to work with Cambodia to hand down and carry forward their traditional friendship, revitalize China-Cambodia relations in the new historical period and bolster the well-being of the two, he said.

China has vowed to pursue a "prudent and neutral" monetary policy in 2017, apply a full range of policy instruments to maintain basic stability in liquidity and hold interest rates at an appropriate level.