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China will also loosen foreign ownership limits to 51 percent in securities, fund management, futures and life insurance companies over the next few months, and the capital cap will be totally eliminated in three years, Yi said.

China is willing to work with the United States to summarize the experience of 40 years of the development of China-US relations, and strengthen exchanges and cooperation in fields of economy and trade, military, law enforcement, anti-drug operations, local issues and culture, Xi said.

China reported 6.9 percent GDP growth for the first half of 2017, exceeded the 6.7 percent rise in 2016 as well as beating the consensus of forecasters.

China on Thursday renewed a blue alert for Typhoon Soulik, which is expected to move northeast at a speed of about 10 km per hour, and make landfall on the Korean Peninsula Thursday evening, the National Meteorological Center said.

China will build a national data center for the industrial internet and strengthen the supervision and coordination of overseas listings of Chinese industrial internet companies, the nation's top industry regulator said.