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China would deepen market-oriented reform of the RMB exchange rate, continue to improve the floating exchange rate system based on supply and demand and with reference to a basket of currencies, and work to ensure the exchange rate of its currency remains stable, reasonable and balanced, said Gao.

The decision to establish ties with China brings Dominican foreign policy up to date, Dominican Foreign Minister Miguel Vargas told Xinhua, adding that the Caribbean nation could not ignore a country that represents 20 percent of the global population and the world's second-biggest economy.

The Friendship Award is an annual award issued by the Chinese government to honor experts working in China. It was established in 1991.

He also expressed firm support for the development of the China-CELAC Forum, saying Venezuela will make positive efforts to enhance China-Latin America cooperation.

The Chinese president also invited the teachers and students at the "Ocean" to visit China.