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"Businesses must unceasingly make breakthroughs in core technology, mastering more key technologies with self-owned intellectual property rights and building up the ability to dominate industrial development. The country needs you to pick up the pace," Xi said.

He suggested that countries around the world join forces to chart the course forward with structural economic reforms and innovative development.

He also ordered enhanced top-down planning and coordination, an increase in the abilities of setting directions, controlling the overall situation and making policies, promoting reforms to the foreign affairs working mechanism and strengthening the building of foreign affairs talent teams to ensure the implementation of CPC Central Committee policies.

At the summit, member states stressed unity, coordination, and common development.

Premier Li called for a sense of urgency in attracting foreign investment. He underlined the need for bigger steps in this respect as part of the effort to expand opening up and tackle trade protectionism.