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We will accelerate the development of the new economy and cultivate new growth drivers. We will vigorously advance innovation in science and technology, work for breakthroughs in major, key technologies, and promote the commercialization of innovation results. We will also advocate mass entrepreneurship and innovation, further promote the "Internet+" strategy, extensively apply the new generation of information technologies such as the Internet of Things, big data and cloud computing. We will promote integrated development of different sectors and facilitate the emergence of more new industries, new forms of business and new business models. It is also necessary to roll out new products and services that better meet the needs of the market and build platforms for mass innovation, crowd sourcing, collective support and crowd funding. This way, we could pool strengths to accelerate innovation and cultivate new areas of economic growth.

In his view, joint research can bring about new entrepreneurial models and services that could be exported to various other markets including Africa and Southeast Asia by combining Chinese and Italian strength points.

The United States would encourage China to reduce excess industrial capacity in its key base metals sectors and "make supply in these sectors more sensitive to underlying domestic and global demand conditions," Nathan Sheets, U.S. Treasury's undersecretary for international affairs, said last month at a Brookings event to preview the upcoming S&ED.

Saeed al-Lawindi, a political researcher and expert of international relations at the Cairo-based Al-Ahram Center for Political and Strategic Studies

The UAE government is a staunch supporter of China's strategic Belt and Road initiative with the aim to integrate Asia, Africa and Europe economically.