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China and Russia have always backed each other on issues related to each other's core interests, Xi said, adding that the two countries have also maintained close and effective coordination on regional and global issues.

China and the US have been expediting their economic and trade consultations with the goal of implementing consensuses reached by the countries' leaders in December.

China Petroleum and Chemical Corp, the world's largest refiner by capacity, reported its best half-yearly profits since listing 18 years ago, on better refining profits and a rebound in crude oil prices.

China Energy is a newly formed State-owned enterprise created by a merger between the country's major power generator China Guodian Corp and coal producer Shenhua Group. The cooperation builds on the relationship of almost two decades between Caterpillar and Shenhua Group.

China adheres to open development, and it will continue to deepen reform and opening-up following the trend of economic globalization, Wang said.