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"China will continue to deepen reform and opening-up, and further relax market access," Li said.

"Innovation is the source of business core competitiveness," Xi said after being briefed about XCMG's intelligent assembly lines and big data platform. Thanks to self-developed heavy-duty machines, XCMG is swiftly increasing its share in the global market.

China hopes to make the China-Latin American cooperation a new model of South-South cooperation, said Wang in the article published by People's Daily Thursday, just three days ahead of the upcoming Second Ministerial Meeting of the China-CELAC Forum, scheduled to be held in Santiago, Chile.

"With these measures, we hope to make the supply side more adaptable and more innovative. Some initial progress has been made," Liu said.

Xi stressed that China and France should combat global challenges together in climate change, terrorism and cyber security for a peaceful and stable world, and build a community with shared future for mankind.