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Raising the bilateral relations to new heights will help realize common development and prosperity of both countries, he added.

Lew said that the U.S. and China "have an enormous stake in each other's economic performance." As the world's two largest economies, a mutually beneficial economic relationship is of great importance "not only to the prosperity of our own peoples, but to the health and development of the global economy."

Xi said China and African are a community of common interests and common destiny and that the Chinese government firmly adheres to the policy of unity with African countries.

Xi called for building an open world economy, supporting a multi-lateral trade mechanism, pushing for the Doha Round negotiations to protect the legitimate interests of emerging market countries and developing countries, and ensuring that every country can enjoy equal opportunities, rules and rights in international economic and trade activities.

A series of actions on the part of China's customs authorities have also been announced at the forum. Shanghai Customs College has set up a specific base to train customs officers from the Belt and Road countries. An information sharing platform aimed at fighting drugs and smuggling of weapons and endangered animals is also under construction.