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When bilateral trade and investment grow from nearly nothing to its current enormous volume, it is only inevitable that frictions might arise, said Li.

He added that capital flows and volatility in currency markets are always a concern for G20 economies.

The idea of improving government services and information transparency via Internet Plus was mentioned in Premier Li's government work report this March. Streamlining government functions has been high on the government agenda since 2013. Officials say it would help unleash economic and social potential, especially since entrepreneurship and mass innovation are set to play key roles in China's structural reform. Internet Plus will alter government functions, allow for better public information sharing and improve public services.

Xi, who is also general secretary of the Communist Party of China (CPC) Central Committee, made the remarks on Thursday while meeting Dinh The Huynh, a member of the Political Bureau of the Central Committee of the Communist Party of Vietnam (CPV) and executive secretary of the Secretariat of the CPV Central Committee.

BEIJING, Oct. 24 (Xinhua) -- Chinese President Xi Jinping on Monday extended condolences to his Cameroon counterpart, Paul Biya, over a deadly train derailment in the African country, in which dozens of people died.