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China said earlier this year it aims to build a 1 trillion yuan (7.9 billion) AI core industry by 2030, which is supposed to stimulate as much as 10 trillion yuan in related business.

China stands ready to work with the British side to implement the important consensus reached by the two countries' leaders, strengthen the high-level exchanges, boost strategic mutual trust and promote the pragmatic cooperation under the framework of the Belt and Road Initiative, Cai said.

China remains committed to the underlying principle of making progress while keeping performance stable, firmly implementing new development concepts, adapting to and steering the economic "New Normal", and focuses on supply-side structural reforms, while moderately increasing aggregate demand and improving the expectation management. China has further implemented the innovation-driven strategy, boosted market vitality and social creativity by streamlining administration, delegating powers, strengthening regulation and improving services, and facilitated the transition to new growth engines from traditional ones by promoting mass entrepreneurship and innovation. With these efforts, China has achieved a steady and improved growth, which was not easy. In the first half of 2017, China's GDP grew at 6.9%, which was within a reasonable range, major indicators outperformed forecasts, including faster growth in fiscal revenue, enterprise profits and household income, and the RMB exchange rate maintained at a stable level. The economic structure further adjusted and improved, as manifested through greater contribution by consumption to the growth, rapid adjustment of industrial structure, ongoing and orderly reduction of excess and backward capacity. As many as 16,000 new enterprises were registered on an average day, over 13 million new urban jobs were generated annually in the past few years. The threshold for foreign investment has been reduced further, and the investment and market environment has been improved. We believe that with the supply-side structural reforms further deepened and more policy measures implemented, the Chinese economy is on track to achieve a higher quality, more efficient, more equitable, and more sustainable growth, and will continue to contribute to the global economic growth.

China will also expand effective investment, Li said. An increase of 1.6 trillion yuan (3.6 billion) of local government special purpose bonds, together with the issuance of special treasury bonds for COVID-19 control this year, will support investment in new infrastructure facilities, new types of urbanization, and key projects that contribute to better lives for people.

China is willing to import more high-value-added Belgian products that cater to demands in the Chinese market, and Belgium is welcome to participate in the second China International Import Expo later this year, Li said.