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China's development is an opportunity, not a challenge for the EU, and the China-EU relations boast broad prospects for development, Xi said.

"We must get our priorities right in improving the business environment. We should build on the good work in recent years regarding cutting the time required for starting a business, and decoupling business licenses from operation permits, and scale up our efforts in these two aspects," Li urged. "Government departments should resolutely deregulate, including cutting permit requirements and enhancing compliance oversight."

Both China and Greece support dialogue and mutual learning among civilizations and oppose the fallacy of a clash of civilizations, Xi said, urging the two countries to keep giving play to their respective cultural advantages to hammer out a way for harmonious co-existence of various civilizations and peoples of various countries and offer more inspirations for world peace and human progress.

The decision vowed to see that institutions in all fields are notably improved when the CPC marks its centenary before the modernization of China's system and capacity for governance is basically achieved by 2035 and realized in full as New China celebrates its own centenary.

Market access will be further eased. Requirements regarding the qualification, registered capital and business venue of market players in the service sector will be significantly relaxed. Unwarranted licensing requirements on for-profit medical and education institutions will be removed.