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The deals also meet the needs of the Chinese government and enterprises to explore new business opportunities, said Pardo.

Xi said since he and Obama reached consensus on building a new model of major-country relationship between their countries at the summit in Annenberg Estate in June, 2013, bilateral ties have kept making new progress, bringing abundant benefits to the people of the two nations and the world at large.

He also added that poverty elimination and economic development are of great significance to all the countries when the world faces many development challenges.

Yarrow said he is impressed by the rapid development of the Chinese economy and its going-out strategy that further connects the world's second-largest economy with the rest of the world in trade, investment and financial flows.

An inter-ministry coordination mechanism will advance the innovation reform program to let innovation play bigger role in driving economic growth, said NDRC senior official Meng Xiantang at a press conference.