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While negotiations on the investment treaty will not be easy, experts are optimistic that the U.S. and China could finish the BIT talks under Obama administration. "There is more room for agreement than people realized," Posen said. "I certainly think ( it's) doable before President Obama leaves office."

Leaders of both houses of the Indian parliament expressed wish to have more contacts with China's NPC and exchange experiences in economic and social development, lawmaking and law enforcement.

To encourage mass entrepreneurship and innovation, the Chinese government has taken measures to streamline administration, delegate power, strengthen regulation and improve services. New market players are increasing in exponential terms. Each day in the past five months, some 10,000 new businesses were registered. Most of them are small and medium-sized enterprises (SMEs) or service providers. Together, they employ lots of people. As a result, more jobs have been created and employment for the young has grown steadily despite a moderated speed of economic growth. All this is attributable to reform and innovation. Entrepreneurship and innovation know no boundaries. China wants to increase interaction and cooperation with other countries to jointly address technological challenges, remove barriers to technology transfer and open up new sources for economic growth.

Also on Saturday, Wang visited Brazil's port of Santos project, which is being developed with investment from the China National Cereals, Oils & Foodstuffs Corporation (COFCO).

What's more, the authorities are promoting "three stricts and three earnests", a series of requirements for officials to improve their life and work raised by the president in March last year. The campaign calls on members to be strict in morals, power and discipline; and honest in decisions, business and behavior.