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He called for the development of more new technology products, and for the private sector to play a bigger role in economic upgrading and restructuring.

V. Rights of Ethnic Minorities

This will raise the level of industrialization in developing countries, promote China' s industrial upgrading and drive the export of core technologies and creative products from developed countries. The result could be win-win for all three parties. I believe this could be a new and important way for South-South and North-South cooperation. It could boost the real economy and help counter the downward pressure in global economy.

Echoing Xi, Toshihiro Nikai, chairman of the Liberal Democratic Party's General Council, pledged on behalf of the delegation to work harder to improve the relationship between Japan and China.

The Belt and Road Initiative refers to the Silk Road Economic Belt and the 21st Century Maritime Silk Road plans proposed by China in 2013 for improved cooperation with countries in a vast part of Asia, Europe and Africa.