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Of the top 500 private companies, 61 firms saw their total assets surpass 100 billion yuan last year, 11 more than in 2016.

They expressed support and appreciation for the Belt and Road Initiative, believing that the joint building of the Belt and Road by Africa and China will speed up African regional integration.

Xi said that it is the right time for the two countries to strengthen regional cooperation as he and Putin had agreed to designate 2018 and 2019 as the years of China-Russia local cooperation and exchange.

By the end of 2017, China had built and put into service 127,000 km of railway, up 150 percent from 1978 when the country started its reform and opening-up, according to the National Bureau of Statistics (NBS).

Noting that this year marks the 35th anniversary of the establishment of the diplomatic relations between China and Angola, and the 30th anniversary of the establishment of the party-to-party relations between the two countries' ruling parties, Zhao called for efforts to boost China-Angola strategic partnership.