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This year's meeting has attracted more than a hundred CEOs from international corporations, experts and scholar, and leaders of international organizations.

The U.S. has long accused China of "intimidating" its neighbors in resolving territorial disputes in East and South China Seas, warning about the risk of escalation and conflict.

With further liberalizing the yuan in floating exchange rates and cross-border transactions, China wishes to see its currency included in the IMF basket, in accordance with the weight the yuan now exerts on international goods and services trade.

To advance the China-U.S. relationship, the two sides should learn from history, bear in mind the overall situation and enhance mutual understanding to build strategic trust in each other, according to the president.

He also urged the Myanmar side to punish the perpetrator, appropriately handle the aftermath, and take immediate and effective measures to prevent recurrence of such incidents and safeguard the security and stability in the border areas between China and Myanmar.