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China's foreign aid is offered on an equal basis, with full respect for the will of the governments and people of the recipient countries. It comes without interfering in their domestic affairs or any political strings attached, he said.

He stressed that against the backdrop of rising instability and uncertainty on the global horizon, there is a need to uphold the concept of living together in harmony and win-win cooperation, enhance consultation on an equal footing and promote mutual openness so as to maintain peace and prosperity in East Asia.

This year marks the 40th anniversary of China's reform and opening-up, which, according to Wang, is a glorious chapter for the Chinese nation's great rejuvenation history, and not only profoundly changed China, but also deeply influenced the world.

More efforts will be made to incentivize the commercialization of R&D findings. Commercialization professionals will participate in the whole process. Universities and research institutes will be encouraged to participate, through commercial deals, in business research on technological breakthroughs.

The Chinese president stressed that China supports the rights of the peoples in these countries to choose their own development paths, and the countries' efforts in united self-improvement and equal participation in international and regional affairs, Wang said.