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These projects span aviation engines, quantum teleportation, intelligent manufacturing and robots, deep space and deep sea probes, new materials, brain science and health related science. The country must place innovation in key S&T areas higher on the agenda, Xi said.

Ladies and Gentlemen,

Pelosi and her delegates spoke highly of China's development, especially in poverty reduction, as well as the two countries' cooperation in areas including climate change, cyber security and international and regional issues.

Speaking to a crowd of South Korean entrepreneurs in the center, Li said that he and South Korean President Park Geun-hye have agreed to set up new platforms for innovation cooperation between the two countries' companies and individuals.

Li said that efforts should be paid to synergize and integrate China's Belt and Road initiative and the ROK's Eurasia Initiative, China's mass entrepreneurship and innovation and the ROK's strategy for a "creative economy," the "Made in China 2025" initiative and the ROK's "3.0 strategy for manufacturing innovation", as well as the two nations' efforts to explore third-party markets in the production capacity cooperation.