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Teachers are the most valuable education resources, Li said, adding that greater education equality depends on more teachers serving underdeveloped regions.

However, outstanding problems still exist, Wang said, citing unreasonable trade structure, a low level of science and technology in production, and poor efficiency. Some companies are big but lack in competitiveness and potential for stable growth.

According to Xi, transformation of the economic growth pattern and structural adjustment are hurdles which China has to overcome in its development. China needs to keep the economy growing within a reasonable pace, so as not to put strain on resources, capital and the market, he said.

He called on the two sides to boost people-to-people exchanges and ensure bilateral cooperation to benefit the people of the two countries.

Initiated in 1998, the summit is the highest-ranking dialogue platform between China and the EU.