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We need to forcefully advance structural reform and strive to achieve high-quality growth through the development of digital economy, promoting connectivity, improving social security and other measures, he said.

Wei noted that China's construction on its South China Sea islands and reefs is legitimate and defensive in nature. "It is the legitimate right of a sovereign state to carry out construction on its own territory. China built limited defense facilities on the islands and reefs for self-defense," he said.

Fourthly, cooperation in global energy governance should be stepped up for the sustainable development of energy. The two sides should work together to firmly safeguard multilateralism and actively conduct multilateral cooperation to play a constructive role in the global energy governance system.

The BRI has made great contributions to international trade and the international economy, and its achievements have far exceeded expectations. It is believed that the BREIP will also become a multi-faceted cooperation tool, according to Dzmitry Prymshyts, deputy director for Research and Innovation of the Institute of Economics of the National Academy of Sciences of Belarus.

Xi urged the two sides to boost coordination within multilateral frameworks including the United Nations and the G20, jointly oppose protectionism, support multilateralism and the free trade system, and push for building an open world economy.