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The United States attaches importance to U.S.-China economic and trade cooperation and would like to continue to expand export to China, he said, adding that the economic teams from the two sides need to enhance exchanges and consultations.

Shanghai should develop itself while serving the whole country as it occupies an important position in the overall work of the Party and the state, Xi said.

The draft amendment, in learning from international practice, substantially raised penalties for patent infringements. It stipulated that Internet service providers should take on joint responsibilities when they fail to stop the infringements on a timely basis.

Some 50 business agreements worth 18 billion U.S. dollars had been signed between Chinese and Japanese local governments, companies and financial institutions during the forum. Li said this showed that China and Japan enjoyed huge potential and broad prospects on third-party market cooperation, which would become a pillar of bilateral cooperation.

Xi will pay a state visit to Spain on Nov. 27-29, marking the most important event of bilateral ties this year.