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Chinese State Councilor and Foreign Minister Wang Yi holds talks with British Foreign Minister Jeremy Hunt on the sidelines of the UN General Assembly in New York, Sept 24, 2018. [Photo/Xinhua]

China's services sector has contributed to 51.4 percent of GDP, but Liu said that based on the experiences of developed economies, the ratio could further rise by 20 percent in the coming decades.

China, he added, resolutely supports Russia's development, and stands ready to carry out strategic and long-term cooperation with Russia, lift the level and quality of bilateral practical cooperation more swiftly, and achieve deeper integration of interest, so as to bring more benefits to the two nations.

China's smart jewelry brand Totwoo launched its smart "Totwoo love" kit with US fashion tech company 360Fashion Network, at the SAP Net-Gen Space at Hudson Yards in New York on Wednesday evening.

China's whole industry chain system can also help global enterprises to rapidly commercialize advanced technological achievements as well as minimize their costs, which will effectively attract foreign direct investment, according to Peng.