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As for China's currency outlook, the report said China's forex reserves have risen for four straight months to the end of June, and forecasted that the RMB will continue moving sideways against the U.S. dollars between 6.70 and 6.90.

Fifth, our two countries enjoy close strategic coordination in regional and international affairs. As major countries in the world, permanent members of the UN Security Council and emerging economies, China and Russia both stand for the basic norms governing international relations with the purposes and principles of the UN Charter as the cornerstone. We both support progress toward a multi-polar world and greater democracy in international relations. We both resolutely uphold the outcomes of WWII and international fairness and justice. Our two countries have close coordination and collaboration in the United Nations, G20, APEC and other multilateral institutions. We have jointly proposed and set up various multilateral mechanisms such as the Shanghai Cooperation Organization (SCO) and BRICS and worked hard for their development, which contribute to peace and stability in Central Asia and Northeast Asia, which are our common neighborhood. The fact is, our concerted efforts in international affairs are like an anchor for peace, security and stability in our region and the world amidst the turbulent and volatile international situation. Thus, we are living up to our responsibility as major countries for world peace and development.

Secondly, we should foster new sources of growth for the global economy. Innovation, more than anything else, is such a new source of growth. Research shows that 95 percent of the world's businesses are now closely linked with the Internet, and the global economy is transitioning toward a digital economy. This means we should boost cooperation in digital economy and the new industrial revolution and jointly develop new technologies, new industries, new business models and new products. Another source of growth derives from making greater efforts to address the issue of development and implement the 2030 Agenda for Sustainable Development, and such efforts will both benefit developing countries and generate business and investment opportunities for developed countries. In other words, this will be a win-win game for all. At the Hangzhou Summit last year, we reached important consensus on innovation and development. This momentum of cooperation created has been sustained this year under the German chairmanship of G20. Going forward, we should see that more substantial and concrete outcomes are delivered.

Xinjiang must continue to give top priority to fighting secessionists and focus on the crackdown on terrorist activities, he said.

"BRICS can come to a second blossoming (after 10 years since it was founded), I'm very optimistic," he added.