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China and India are two developing giants with a wide range of common interests. A sensible bilateral relationship will benefit more than two billion people, nearly one-third of the global population.

The CPC must explicitly declare "what banner to hold, what road to take, in what state of mind, what historic mission to shoulder and what target to achieve," said Xi, who is also general secretary of the CPC Central Committee.

Two years on, the country has seen increasingly stronger industrial capabilities, smart manufacturing, innovation, product quality and branding. Average productivity was up by 38 percent for China's first 109 pilot projects in smart manufacturing, while operating costs dropped by 21 percent, according to the Ministry of Industry and Information Technology.

To this end, China, as the holder of the BRICS presidency this year, has hosted a series of meetings to drum up support for the Xiamen summit.

As major influential countries in the region and the world as well as world's top two economies, China and the United States shoulder important responsibility to safeguard world peace and stability and to promote global development and prosperity, he said.