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China's Spring Airlines selected Honeywell's suite of advanced cockpit technologies and industry-leading auxiliary power units for its future fleet of Airbus A320neo aircraft, while Honeywell UOP, a strategic business unit of Honeywell's performance materials and technologies division, has also signed a memorandum of understanding with Oriental Energy on the adoption of UOP's C3 Oleflex units in Oriental Energy's five new propane dehydrogenation (PDH) projects to help convert propane into propylene.

China's business environment has been further optimized. In 2019, it is estimated that it will reduce logistics costs by 80 billion yuan in the transportation sector, and reduce taxes and fees for civil aviation by 9 billion yuan.

China would like to enhance communication and cooperation with all sides, including the ROK, to push for improvement of the situation, Xi said.

China will optimize the layout of its international market, focusing on the expansion of imports from countries related to the Belt and Road Initiative.

China will open up more to the world and learn from other countries' advanced technologies and management experiences, Premier Li Keqiang said on Friday during a meeting with overseas experts in Beijing.