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Given that the Asia-Pacific is where the interests of China and the United States intertwine the most, the drill also shows that, though the two countries differ on certain issues, they have been making concrete steps toward building trust.

China needs to continue streamlining administration and delegating more power to lower-level governments to spur market vitality. Governments need to create a fair competition market environment and enhance their efficiency to help enterprises increase profits, he added.

During a meeting presided over by Chinese President and CPC General Secretary Xi Jinping, the Political Bureau of the CPC Central Committee called for a personnel system reform, a move to select excellent cadres in all sectors by systemic reform and strict implementation,

"The opening-up principle will stay unchanged for a long time, the investment cooperation framework become increasingly accommodative, and the law enforcement non-discriminatory," Wang said in a speech to the 18th China International Fair for Investment and Trade.

During the meeting, Chen conveyed greetings and messages from President Xi and wished the summit to mark the 50th anniversary of the establishment of the Group of 77 (G77) a great success.