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He said China anticipates increased political trust and stronger partnership on the basis of mutual respect, equal dialogue and consensus, a stronger voice to protect multilateralism, and pragmatic cooperation through building of the Belt and Road.

The country will cut the production permits for industrial goods by at least another one-third and simplify approval procedures for other permits so that corporate burden will be further reduced, according to the meeting.

"China has a huge market, and the Chinese people are passionate about new technologies," he told Xinhua. "China has the largest number of viewers of Ready Player One [a film set in a future VR game] in the world."

Meanwhile, representatives of Montenegrin companies see Chinese companies as reliable, experienced, competitive and technologically advanced.

Last June, the first SCO summit with an expanded membership was successfully held in Qingdao, China. At this milestone event, the Qingdao Declaration was adopted and a blueprint was drawn up for SCO's development in the new historical stage. President Xi Jinping and other SCO leaders reached important consensus on further promoting the Shanghai Spirit under the new circumstances, enhancing unity and mutual trust among old and new members, fostering an even closer SCO community with a shared future, and building a community with a shared future for mankind. The Qingdao Summit injected strong impetus into SCO's future development. The international community looks to the SCO to exert greater influence and play a bigger role in regional and international affairs.