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China is well ahead of the US in esports: China has built stadiums for esports, and local governments are investing heavily in the industry, said Walter Wang, head of operations at TSM, a Los Angeles-based esports organization.

China proposed a forum next year for young scientists from the 13 countries, and all countries are welcome to join the service league for small and medium-sized enterprises that was founded in China in August.

China will continually push forward the market-oriented reform of renminbi exchange rate regime, and keep the flexibility of the currency. Necessary macro-prudential management will be launched when some pro-cyclical signals emerge, to keep the renminbi exchange rate basically stable at a reasonable equilibrium, Yi said.

China will also work for the establishment of a union of economic think tanks and strengthen capability building by promoting people-to-people exchanges.

China is willing to work with the other SCO member states, including Russia, to take the Qingdao summit as an opportunity to further carry forward the "Shanghai Spirit" and ensure the healthy and stable development of the SCO, Xi noted.