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Xi stressed the importance of upholding the Party leadership, ensuring the principal status of the people, staying on the path of socialism with Chinese characteristics and fully implementing the Party's basic theory, line and policy.

A photo exhibition was also held at the reception. Dozens of photos told the stories of China's development and the two countries' friendship in the past decades.

-- Over the past 40 years, more than 700 million Chinese people have cast off poverty, representing over 70 percent of global poverty reduction.

"The establishment of the pilot FTZ will bring more supervision and actual operation convenience to our company, effectively reduce costs and enhance the international competitiveness of import and export enterprises in the zone," said Wu Shaoyong, president of the company.

Foreign trade also maintained steady expansion as exports expanded 10.3 percent from a year ago to 1.53 trillion yuan (218 billion U.S. dollars) in July alone and imports went up 0.4 percent to 1.21 trillion yuan.