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During the talks, Xi expressed warm welcome on behalf of the CPC Central Committee to Kim for his first visit to China.

During the past 30 years, China has opened up to the outside world and lifted hundreds of millions of people out of poverty. If nothing else, it has proved the country's five-year plans have worked. This is an example to many other countries in the world.

During the summer, Wukong Bicycle, a startup based in Chongqing, became the first bike-sharing company to go bankrupt.

During the first quarter of this year, Chinese companies' overseas investment dropped 25 percent year-on-year, coming in at 566 billion yuan. Energy, mining and public utilities remained hotly pursued targets.

During the talks, Li highlighted the China-Cambodia friendship cultivated over time by leaders of both nations. President Xi Jinping's state visit to Cambodia last year helped develop the two countries' friendship under the new global politics and economic status, Li said.