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21. The two sides agreed to work towards signing the Memorandum on China-EU Circular Economy Cooperation and advance Inter-governmental Policy Dialogue and practical cooperation between enterprises, with the priorities on emission permit, environment management and economic transition through environmental protection, and supported the establishment of the China-EU Water Policy Dialogue.

China, which took over the BRICS presidency this year, will host the Ninth BRICS Summit in September in Xiamen, Fujian Province.

In his congratulatory message, Xi said that Barbados is an important cooperation partner for China in the Caribbean region, adding that the past 40 years have seen continuous development of China-Barbados relations and close exchanges at various levels.

Calling Senegal an important partner of China in Africa, Li said China is very confident about the future of the cooperation between the two countries.

"The regulation of sharing economy should be tolerant while prudent, as there is still much yet to be learnt about new business models. We should avoid simply applying traditional methodology on sharing economy," Li said.