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Noting that China is implementing an innovation-driven development strategy, Xi said the strategy matters to China's future.

With a gross domestic product (GDP) accounting for over 15 percent of the global total, China's growth at 6.7 percent in the third quarter, or between 6.5 percent and 7 percent annually, represents a natural and significant contribution to global economic stability.

Wang called for the adherence to the G20 Digital Economy Development and Cooperation Initiative which was reached during the G20 Hangzhou summit this September. The initiative sets guidelines and key areas for international cooperation and the development of digital economy, said Wang.

The Belt and Road Initiative, proposed by Xi in 2013, refers to the Silk Road Economic Belt and the 21st Century Maritime Silk Road. It aims to build a trade and infrastructure network connecting Asia with Europe and Africa along the ancient trade routes.

"Air China's direct flights will help to strengthen Chengdu and Sichuan's cooperation with the most dynamic and prosperous city in New South Wales, hence creating new opportunities for the Chinese and Australian people to deepen mutual understanding, friendship and economic cooperation."