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The CIIE is hosted by China but for the world, Xi said, stressing that it is not an ordinary expo, but a major policy for China to push for a new round of high-level opening-up and a major measure for China to take the initiative to open its market to the world.

ZF Friedrichshafen AG, a famed car parts maker headquartered in Germany, conducted extensive exchanges and signed agreements with its corporate customers in China to strengthen their cooperation in fields of intelligent drive and electric-powered systems.

They noted China is an important and promising market, and they will tap the potential for cooperation and promote bilateral trade growth and the development of free trade globally.

The final status of Jerusalem is complex and sensitive and concerns the future of the two-state solution as well as regional peace and tranquillity, he said. All parties must be cautious in dealing with related issues and refrain from imposing solutions that may trigger new confrontation, he said.

Premier Li Keqiang underlined the importance for the government to level the playing field and provide better services to businesses, particularly in the areas of innovation.