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"In the next 30 years, 80 percent of small business will benefit from globalization. In 2030 more than 85 percent of business will be e-commerce. Ninety-nine percent of trade will be online and less than one percent of trade will be offline," Ma said.

Last June, the first SCO summit with an expanded membership was successfully held in Qingdao, China. At this milestone event, the Qingdao Declaration was adopted and a blueprint was drawn up for SCO's development in the new historical stage. President Xi Jinping and other SCO leaders reached important consensus on further promoting the Shanghai Spirit under the new circumstances, enhancing unity and mutual trust among old and new members, fostering an even closer SCO community with a shared future, and building a community with a shared future for mankind. The Qingdao Summit injected strong impetus into SCO's future development. The international community looks to the SCO to exert greater influence and play a bigger role in regional and international affairs.

"The development of private investment and businesses are key to China's economic vitality. Changes on the 500 top private firms list show new trends in the country's economy," said Zhang Wanqiang, an economist with Liaoning Provincial Academy of Social Sciences.

In 2016, the two countries established their strategic partnership during Uruguayan President Vazquez's visit to China.

He said Li is scheduled to deeply communicate with Asian and European leaders, deliver a speech, and call on all sides to intensify partnership and combat common challenges.