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Over the past two decades, the market has played an increasing role in China's economy, Xie said.

She said the Thai side welcomes Chinese enterprises to invest in Thailand and expressed the hope that more Chinese tourists will visit her country.

In response to questions raised by business representatives ahead of the Annual Meeting of the New Champions 2013, also known as Summer Davos, Li said the key to economic reforms is to "balance well the roles of the government, the market and society."

Barros said his country is eager to further develop relations and strengthen strategic cooperation with China in various fields so as to tap the development potentials of Guinea-Bissau.

"China has pushed economic development and trade as the new priorities for the SCO. China certainly has deployed aid, investment, and infrastructure projects that further its economic expansion through the SCO. At the forum of SCO, China presents a model of development," he said.