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Work should also be done to improve innovation capability, develop new engines of growth, eliminate institutional barriers for cutting excessive capacity, and lower the cost for companies.

Xi made the remarks when meeting a delegation of people from various sectors in Taiwan, led by former chairman of the Kuomintang (KMT) party Lien Chan.

Speaking highly of the Belt and Road Initiative, Dominguez said the Philippines would continue to take part in it actively. He also said the Philippines highly appreciates and will attend the first China International Import Expo to be held in Shanghai from Nov. 5 to 10.

Chen said China appreciates Tunisia's active participation in the construction of the Belt and Road Initiative, which was proposed in 2013 by China to build a trade and infrastructure network connecting Asia with Africa and Europe along the trade routes of the ancient Silk Road. He added that China is ready to cooperate with Tunisia on implementing the projects within the initiative.

BEIJING, June 29 (Xinhua) -- As the Communist Party of China (CPC) embraces its 97th anniversary Sunday, many of its achievements are worth looking at: founding a new China, developing the country to the world's second largest economy, lifting 700 million people out of poverty in 40 years, and nearing the first centenary goal of completing building a moderately prosperous society in all respects.