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China welcomes more exports of India's high-quality products to China, the president said, calling on the two countries to expand two-way trade and investment and create new growth points for cooperation in productivity, medicine, information technology, infrastructure and other fields.

China was one of the first countries to promote electric vehicles when it started to offer subsidies for the sector in 2009. Dozens of electric car startups were set up wishing to ride on the wave of e-mobility, but many failed before rolling out their first vehicles.

China put forward the "dual circulation" development pattern in May. Domestic circulation, or the internal cycle of production, distribution and consumption, is expected to be the mainstay of economic development while it is integrated with "international circulation" to promote the smooth two-way flow of goods and capital.

China marks the 40th anniversary of its reform and opening-up this year.

China remains committed to the goal of denuclearizing the Korean Peninsula, firmly maintains the international nuclear nonproliferation mechanism and resolutely champions peace and stability in Northeast Asia, President Xi Jinping has said.