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They noted China is an important and promising market, and they will tap the potential for cooperation and promote bilateral trade growth and the development of free trade globally.

The Egyptian president said his country is willing to explore possible cooperation involving Egypt, China and other parties in Africa as it assumes the rotating presidency of the African Union in 2019.

While delivering a keynote speech at the opening ceremony of the CIIE, Chinese President Xi Jinping said that the event is "a major policy for China to push for a new round of high-level opening-up and a major measure for China to take the initiative to open its market to the world."

"In a real sense, Xi comes from a reformer family. More important, Xi is deeply committed to reform," said Robert Kuhn, a leading U.S. expert on China and chairman of the Kuhn Foundation, adding that when they met in 2005 and 2006, Xi spoke a lot on the importance of "reform in all facets."

The Party's viewpoint on adhering to the basic economic system is "clear and consistent," and there has never been any irresolution, Xi said.