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China will carry out a project to enhance human resources cooperation, invite experts from the five countries to draft a blueprint for working together in a new industrial revolution and improve the competitiveness of emerging markets and developing countries, Xi said.

China rolled out guidelines in late April allowing foreign investors to set up securities trading firms with holding status as part of China's opening-up efforts in the financial sector.

China joined the organization in June 1980 and is ranked 17th in the Global Innovation Index 2018, moving up five positions from last year.

China will always pursue peaceful development. It is committed to peaceful co-existence, mutually-beneficial cooperation and common development with all countries, including European countries. It has always seen Europe as an equal partner rather than a rival.

China proposed the Belt and Road Initiative in 2013, aiming to forge a community of shared future with countries and regions in Eurasia, Africa and beyond.