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China needs technology from the West, while the West needs the Chinese market, and China is creating an interconnected world, he said. By doing this, China can get respect from other countries and will obtain win-win results together with the other countries, he said.

China reported faster-than-expected 6.9 percent GDP growth in the first half of the year, setting the country on course to comfortably meet its 2017 target of about 6.5 percent.

China owes its consistent growth to political stability and continuity of policies. Pakistan, too, should create a peaceful environment to attract local and foreign investment, which is the only way to lift the economy.

China will allocate 106.1 billion yuan (about .8 billion) in funding for poverty alleviation work in 2018, some 20 billion yuan more than last year, said Liu Yongfu, director of the State Council Leading Group Office of Poverty Alleviation and Development.

China started to allow rice imports from the United States for the first time as part of the latest effort to enhance bilateral trade in agricultural products, the Ministry of Commerce said on Thursday.