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Xi led China to be more involved in international economic cooperation, turning the country into a more mature modern market economy, said Wang.

For his part, Putin said Russia stands ready to fully implement the consensus reached with China, and strive for more outcomes in cooperation in energy, aviation, space, science and technology, joint research and development, as well as digital economy.

Peng called for more art exchanges between the two nations and stronger friendship between the two peoples.

More efforts will be made to incentivize the commercialization of R&D findings. Commercialization professionals will participate in the whole process. Universities and research institutes will be encouraged to participate, through commercial deals, in business research on technological breakthroughs.

The CIIE will make Shanghai a more shining city, he said.