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Businesses should be encouraged to use the Internet to transform their model of development and make innovations in technology, service and business model, he said.

China's non-acceptance of and non-participation in the arbitration is to honor the joint commitment it has made with the Philippines. The two sides reached consensus a long time ago on how to address the dispute. China and the Philippines have issued joint statements and news releases on multiple occasions and they both signed the Declaration on the Conduct of Parties in the South China Sea (DOC), in which the two sides have pledged to settle disputes through friendly negotiations and consultations. By unilaterally initiating the arbitration, the Philippines has negated its solemn commitment to its neighbors and the international community, and breached one of the core principles in international relations - Pacta sunt servanda ("agreements must be kept"), thus jeopardizing its own international credibility. By contrast, China's position of not accepting or participating in the arbitration demonstrates that it is true to its words.

The two sides should integrate China's Belt and Road Initiative with Britain's plan to upgrade infrastructure and cooperate in areas including nuclear power, finance and high speed rail, to push forward their global comprehensive strategic partnership for the 21st century to a new high, Li said.

They exchanged views on high-level exchanges and cooperation in various fields including cross-border trade, culture and tourism.

The expert said that China's vision on the Middle East seeks peace and security through development and balanced political relations that are based on mutual interests.