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The premier called on support for all enterprises in development regardless of ownership and greater efforts in improving the business environment, slashing taxes and fees, and lowering corporate costs in financing and logistics.

Perry spoke highly of the Belt and Road Initiative and the notion of building a community with a shared future for humanity raised by Xi. He said the 48 Group Club will continue supporting globalization and an open world economy and promoting the UK-China cooperation within the Belt and Road framework with the spirit of the "ice-breaking trip."

When recalling his first visit to China around 40 years ago, Schwab admitted that "it was very different. It was a poor country."

ACTIVE ATTENDEE

Aiming to make the international system work better, China has launched a number of international and regional cooperation initiatives, including the Belt and Road Initiative, the Asian Infrastructure Investment Bank, and the 16+1 Cooperation, which are all open and transparent, he said.