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China is the only developing economy in the top 25 most innovative countries, according to the report, which cites the Global Innovation Index compiled by the World intellectual Property Organization (WIPO).

China is in a transformation phase to a high-income country. Although a few cites have crossed the threshold to high-income, most cities are far from the threshold.

China has set 2020 as the target year to finish building a moderately prosperous society (Xiaokang) in all aspects, with poverty eradicated, and GDP and per capita income doubling the 2010 levels.

China is ready to continue building key infrastructure with the Pakistani side, and to carry out cooperation on production capacity, Li said.

China has successfully hosted more than 120 activities of the SCO since it assumed the rotating presidency of the organization, Xi said.