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China will also help to construct an industrial park covering 300 hectares in its first phase, Li said, adding that having signed the memorandum of cooperation, both sides are hoping to sign an agreement by the end of the year to pave the way for ground to be broken next year.

China should increase the share of core technology investment in its research and development expenditure, which is only 5 percent, compared with 17 percent in the United States. It is also necessary for China to carry out institutional reforms to promote the transformation of scientific and technological achievements into productive forces, Huang said.

China upholds the path of peaceful development, and the country maintains its dedication to the development of Sino-US relations featuring nonconflict, nonconfrontation, mutual respect and win-win cooperation, Xi told the former US diplomat.

China ranked third in terms of visitor arrivals to Malaysia in the first quarter. It accounted for 8.3 percent of the total visitors to Malaysia, after Singapore at 48.5 percent and Indonesia at 10.6 percent.

China should come up with more original research in areas such as artificial intelligence, quantum science, gene editing, new materials and new energy, he said.