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China will continue to deepen reforms and expand opening-up and improve its business environment, Xi said, adding that he hopes Singapore will also provide sound conditions for Chinese companies doing businesses in the country.

China still has weak links in technology as well as its industrial and supply chains, while circulation in the financial sector and the real economy is not sufficiently smooth, said Wang.

China was selected by the Indonesian government to build the country's first bullet rail link last year. It will start constructing a .5 billion high-speed railway line from Jakarta to Bandung.

China strongly condemns the terrorist attack, Li said, adding China firmly opposes terrorism in all forms and is willing to work with Russia to deepen cooperation on counter-terrorism to jointly safeguard security and peace of both countries and the world.

China plans to step up efforts to deepen reforms by granting more access to overseas companies and individuals to make investments in the country's free trade zones, the latest in its efforts to further open up the financial sector for investors.