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China is now the second-largest market for Tesla after the US, but Tesla founder Elon Musk said China will soon surpass the US to become its No 1 market.

China is dedicated to building an open world economy to contribute to the development of Asia and the world, Xi said, adding that the business leaders are welcome to board the fast train of China's development and share in the fruits of China's reforms, opening-up and development.

China has remained as India's largest trading partner, he added. Bilateral investment has also seen a steady increase, the minister said. The accumulated investment in India by Chinese enterprises amounted to over billion while India's investment in China rose an average of 18.5 percent annually over the past three years.

China is currently Canada's second largest trading partner. In 2017, more than 1.5 million visits were made between the two countries, promoting people-to-people exchanges and bilateral cooperation.

China is "very different from what it was 17 years ago (when the SARS epidemic broke out) in economic weight, position in global industrial and value chains, and its contribution to the world economy", with economic and social activities "starting to revive in most parts of the country" since the outbreak, according to the think tank's president Chen Dongxiao, who co-authored the report.