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China has moved from a relatively impoverished country to one of the most important economic powers in the world today, Jones said.

Xi arrived here on Sunday for a state visit to Panama, the first of its kind since China and the Central American country established diplomatic relations in June 2017.

It was also decided at the meeting that the three reform measures, which have so far been piloted in one or two places, will be extended to all the above-mentioned eight cities and regions. Such measures include granting scientists and researchers a certain share of ownership of their findings proportionate to their job positions, setting up science and technology innovation sections in regional equity markets, and allowing greater autonomy for universities administered by local governments to attract talents and confer academic titles.

The two sides should also strengthen cooperation in such areas as infrastructure, agriculture, energy and finance and enhance people-to-people exchanges, Xi said.

This overarching objective is described by observers as China's "Fifth Modernization" drive.