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China has leapfrogged ahead to become the global center of financial technology innovation and adoption, outpacing the likes of New York, London and Singapore by a wide margin, according to a joint report by consultancy Ernst& Young and DBS Bank in 2016.

China has also invested more than 20 billion yuan (about 3.06 billion U.S. dollars) and implemented 37,600 scientific and technological projects to support poor areas to transform momentum of development, improve production efficiency and improve people's lives, Xu said.

China attaches great importance to data security and is exploring data security laws to strengthen the protection of data and personal information.

China began importing solid waste as a source of raw materials in the 1980s, and has for years been the world's largest importer of recyclable materials. Solid waste often contains hazardous elements.

China firmly supports the establishment of the State of Palestine, enjoying full sovereignty on the basis of 1967 borders and with East Jerusalem as its capital, Xi said while holding talks with Abbas at the Great Hall of the People in Beijing.