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China has been developing its commodity derivatives market and plans to gradually open it up to foreign investors.

China currently has 98 central SOEs, down from 117 five years ago as the government has been restructuring central SOEs to improve their efficiency and competitiveness.

China attaches great importance to consolidating and developing the traditional friendship between the two countries, and is willing to work with Vietnam in enhancing political mutual trust and strengthening unity and cooperation in order to push forward the relationship between the two parties and two countries, Xi said.

China has been expanding its underground gas storage facilities in an attempt to shift away from coal and oil, and to avoid a repeat of the gas shortage during cold snaps last winter.

China has become much more confident on the global stage, said Wang Jiugao, a professor at Peking University's School of Marxism.