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The Chinese economy, the second largest in the world, is stable with good growth momentum. In 2017, China's gross domestic product (GDP) expanded 6.9 percent to 82.7 trillion yuan (12.8 trillion U.S. dollars), around 15 percent of the world total. In the first eight months this year, profits of major Chinese industrial firms grew 16.2 percent, manufacturing investment went up 3 percentage points and the consumer market kept expanding.

Li, chairman of the National People's Congress Standing Committee and a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, made the remarks while addressing the welcoming banquet for the eighth Beijing Xiangshan Forum.

IPR violations, once verified, will be severely punished, he said, adding that China will treat all domestic and foreign enterprises equally and provide equal protection.

Xie has seven brothers and sisters, and in the early days when materials were lacking, food was never sufficient to support the big family.

Putin, in his speech, said Russia and China have forged a friendly relationship with mutual trust and cooperation.