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China and Russia have also established healthy mechanisms both for high-level exchanges and for cooperation in various fields, Xi added.

China Shenhua Energy and GD Power Development have applied to extend a share trading halt as merger discussions continue, Shanghai Securities News reports.

China and the US have deepened their counterterrorism cooperation in the past years, but the US still holds double standards in defining terrorism in other countries even their targets are innocent civilians.

China and Germany can enhance their coordination in the Iranian nuclear deal now that the United States pulls out, he said.

China also has the kind of capital that innovation needs — approximately trillion, he said. "We can expect China, for the rest of our lifetimes, to remain a very innovative country, and we need to deal with that. But right now we're not managing that as well as we could," he said.