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The two sides agreed to improve cooperation and alignment between the Belt and Road Initiative and Turkey's Middle Corridor plan, according to Wang.

As Xi said in June, the BRICS cooperation is "an innovation, which transcends the old pattern of political and military alliance and pursues partnerships rather than alliances."

Latest loan data also revealed milder growth in mortgage lending with outstanding real estate loans up 24.2 percent year on year, down 2.8 percentage points from six months ago.

The world's second largest economy will further open up its financial market to promote the internationalization of the Chinese yuan and capital account convertibility in a steady pace, Xi added.

The premier went on to instruct government departments to fully implement policies supporting sci-tech innovation, and give research institutions and universities more say in terms of research project set-up and fund management.