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The thought is the "theoretical crystallization" of the past five years of practice in pushing forward China's economic development, and the "latest fruit" of socialist political economy with Chinese characteristics, the statement said.

"With the blueprint and strategy of moving from high-speed growth to more sustainable and quality growth, the quality of resources will become more important," Balhuizen told Xinhua in an interview.

When the two presidents met at the Mar-a-Lago resort in Florida in April 2017, they agreed to set up four high-level dialogue mechanisms to improve bilateral ties. The Comprehensive Economic Dialogue is one of them.

The Indian side shared the Chinese side's view of making right choice on the issues with overall importance to the development of bilateral relations, said Doval.

China has provided financing to the best of its ability in response to the demands of African countries, which has served as a timely help for their socio-economic development and is highly valued and welcomed by them, he said.