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Noting the importance of the digital economy, Wang said China will speed up efforts to build its strength in data, which will be harnessed to improve governance, alleviate poverty, benefit society and people, and advance the development of global digital economy.

China has rolled out a series of policies in the first half of the year to deepen reform, cut tax and fees, enhance the ability of financial service to serve the real economy, so as to improve the business environment.

Simkhada said Xi's emphasis on the Shanghai Spirit of mutual trust, mutual benefit, equality, consultation, respect for cultural diversity and pursuit of common development as the core values are essential to promoting peace, development and cooperation.

The Chinese leader also urged the two sides to deepen friendly exchanges to lay a solid foundation for further consolidating and developing the China-DPRK friendship.

On Taiwan-related issues, the Chinese minister pointed out that the United States has recently taken a series of negative actions, and the Chinese side strongly objects them. "On the matter of safeguarding national sovereignty and territorial integrity, the U.S. side should never underestimate the resolve, determination and capability of the Chinese military," Wu quoted the minister as saying.