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China is willing to enhance high-level guidance with the Italian side, respect each other's major concerns, jointly build the Belt and Road, explore cooperation with third parties, boost cultural exchanges and local-level cooperation, and strengthen popular support for bilateral relations, Xi said.

China so far has established 11 FTZs to accelerate the country's opening-up and boost the Belt and Road Initiative, including landlocked Shaanxi and Henan FTZs and those with coastal lines such as Zhejiang and Guangdong FTZs.

China lowered its economic growth targets over the past few years, and even set no target for this year, showing the country is relying less on using GDP to measure success.

China will continue to be a long-term popular destination for foreign investment, and the country welcomes enterprises from other countries to expand their cooperation and investment, Premier Li Keqiang said on Wednesday.

China will be among the biggest beneficiaries of a .7 trillion economic boost to the global economy delivered by artificial intelligence, a new report said on Tuesday.