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China Mobile said it is also ramping up resources to develop 5G networks, as part of its efforts to establish an edge in the next-generation communication technology. It plans to put 5G into trial operation in 2018, before commercializing the technology in 2020.

China Europe International Business School admits students from 23 countries and regions, and in the past three years between 30 percent and 35 percent of its students have come from overseas, according to the school's Associate Dean and MBA Director Juan A. Fernandez.

China and the US should exercise proper judgment toward each other's strategic intentions, Xi said, adding that there are rising negative voices in the US toward China of late, which should be taken note of.

China Telecom's third target lies in industrial digitalization, with estimated revenue in that area to achieve double-digit growth by the end of this year.

China and the United Kingdom expanded and strengthened economic links amid global headwinds, and the closer relationship in trade, investment and financial services will help both nations resist external shocks, economists said.