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China, Park said, has recently become the world's "innovation lab", as the country is leading the development of innovative industries, such as artificial intelligence, cloud computing and internet of things.

China's top securities regulator has approved the initial public offering applications of seven companies.

China-United States trade has been mutually beneficial, and the US has reaped substantial benefits from bilateral economic and trade cooperation, the Ministry of Commerce said on Thursday in a research report.

China, confident that the foreign trade will maintain steady growth throughout the year, will turn the challenges into opportunities via transformation and upgrade, the ministry added.

China's two centenary goals cannot be delivered easily, Xi said, adding that both the opportunities and challenges ahead of the country are unprecedented. He called on all Chinese to make a bigger contribution to the great rejuvenation of the Chinese nation.