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China is predicted to spend 2.8 trillion yuan (1 billion) in the digital transformation this year, and the figure is expected to surge to 3.2 trillion yuan in 2020 and 3.7 trillion yuan in 2021. Manufacturing (220.5 billion yuan), governments (193.4 billion yuan) and financial services (145.5 billion yuan) are the top three sectors in spending for the digital transformation in 2019, according to Deloitte.

China has vowed to cap its carbon emission by 2030, seeking a timetable for the elimination of vehicles using gasoline and diesel.

China hopes the meeting between the two sides will achieve positive results.

China is also willing to boost cooperation in anti-terrorism, climate change and cybersecurity, Li said. A joint anti-terrorism drill was proposed by China at the summit.

China is expected to establish a convenient, efficient and equitable modern public legal service system that covers both urban and rural areas by 2022, according to a newly issued document.