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For his part, Suga said Japan attaches great importance to China and regards Japan-China relations as one of the most important bilateral relations.

Xi stressed strengthening the synergy in advancing reform and activating new impetus for high-quality development, as well as focusing on reform moves that play a fundamental role and act as engines of progress.

According to Liu Qingfeng, chairman of voice-recognition giant iFlytek in Hefei, a spate of supporting measures introduced in the FTZ plan will bring favorable policies to AI industries in terms of technological innovation and application development.

The new energy vehicles (NEV) sector was a bright spot in equipment manufacturing. NEV output surged 94.1 percent year on year in October as unleashed pent-up demand and supportive policies boosted the auto market.

He expressed hope that the parties involved would complete their domestic approval procedures as early as possible to allow the trade pact to take effect and benefit the enterprises and the people at an early date.