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BEIJING, March 20 (Xinhua) -- Chinese President Xi Jinping on Tuesday held a phone conversation with Indian Prime Minister Narendra Modi at Modi's invitation.

The rich countries boast the largest number of the biggest multinational corporations (MNCs), like Apple, McDonald's and IKEA. These MNCs have operations overseas, where operation costs are lower, to jack up their profits and then remit back the lion's share of that, leaving the assembly line workers in developing countries with only crumbs.

Cultural cooperation is also in full swing as the "years of China-Russia local cooperation and exchange" are being held this year and the next, which opens up new space in the bilateral relations, he added.

Meanwhile, Australia said the foreign espionage threat was greater than before, with a raft of different countries seeking to conduct espionage and foreign interference, citing China as "a focus of concern."

By the end of March, more than 1,600 businesses from over 120 countries and regions had registered to attend the expo, with exhibitors exceeding 600 in an exhibition area of 120,000 square meters.