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China will continue upholding the principles of joint consultation and cooperation for shared benefits, and work with all parties to grasp the opportunities brought by technological revolution for mutual benefit, he said.

China's SOEs will focus more on their main businesses, establish sound market-oriented operating mechanisms and further cut their monopoly roles to better adapt to the changing market environment, he said.

China will take over the rotating presidency of the SCO and host the next summit in June 2018.

China's aging society is a major social issue. There are currently more than 220 million people over 60 years old in the country, or 16.1 percent of the population, and the numbers are growing.

China will press ahead with opening-up in the service sector, and encourage foreign investment in manufacturing and high-tech industries, and in central and western regions, Zhong said, adding that governments will help foreign companies address difficulties in investing in China.