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The meeting also decided to cultivate a new model of incorporating the manufacturing sector with the Internet Plus Initiative. The country will strengthen cooperation with other countries to achieve mutually beneficial outcomes.

China and the UAE held the first meeting of the intergovernmental cooperation committee on Tuesday.

Xinjiang's exports of mechanical and electrical products, textiles and shoes, continued to grow rapidly due to improved demand in nearby markets. The region's import growth was driven by its demand for farm produce from neighboring countries.

"The two sides should enhance their strategic communication and properly manage and control their differences so as to maintain their overall relations as well as the peace and stability in the South China Sea," he said.

Li said too many charges have put too much weight on businesses. The country is on the way to deliver on its promise to slash corporate costs by 1 trillion yuan (about 147 billion U.S. dollars) this year, he said.