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The country will also urge financial institutions to reduce financing rates and costs for small and micro firms, and encourage venture capital investment in entrepreneurship and innovation.

The Chinese president said he stands ready to meet Trump in Osaka to exchange views on fundamental issues concerning the development of China-U.S. relations.

CICA members reiterated that they adhere to the UN Charter and generally-accepted international laws and norms, uphold the efficient multilateralism with the United Nations at its core, fully support the principle of noninterference in each other's internal affairs, jointly build an open world economy and stand against protectionism in any forms.

In the village of Ma'anshan, Xi said that the development of industries should focus on increasing the income of villagers. He asked the primary-level Party organizations in rural areas to be strengthened to better serve the rural people and agriculture.

Zhang also noted that sub-national cooperation is one of the important foundations to support China-U.S. relations. China is California's largest trading partner and contributes the biggest amount of Chinese investment, tourists and students among all the states of the United States.