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Wang noted that China understands ROK's need to safeguard the nation and people's security. "What the Chinese side is opposed to is the unilateral push for the deployment of the Terminal High Altitude Area Defense (THAAD) that will harm China's strategic security interests," he added.

Xi spoke highly of the achievements by the two nations in the Belt and Road Initiative, calling on the two sides to speed up construction of major infrastructure projects, enhance cooperation in production capacity, promote cooperation among small and medium-sized enterprises and dovetail the Belt and Road Initiative with the Eurasian Economic Union.

In a speech delivered at the launch ceremony, Chinese Vice Premier Liu Yandong noted the rapid progress in bilateral science and technology cooperation after China and South Africa established diplomatic relations nearly 20 years ago.

With digital transformation, China's manufacturing productivity can achieve annual growth of 6.5 percent over the next 15 years, bridging its productivity gap with developed countries in the next 20 years, according to a report released by consulting firm McKinsey & Company Friday.

Kyrgyzstan is willing to enhance cooperation with China in the areas of infrastructure, agriculture and the Belt and Road construction, he said.