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The Austrian side is willing to offer China broad experience and expertise in China's preparation for the 2022 Beijing Winter Olympics, said the statement. The two countries will take the opportunity of the 2018 China-EU Tourism Year to strengthen cooperation in tourism.

Liu told Chinese reporters that President Xi attaches great importance to the PyeongChang Games and for the first time sent two special envoys to the PyongChang Olympics, the first being Han Zheng, a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee.

Noting that 2018 marks the 40th anniversary of China's reform and opening-up policy, Xi said over the last 40 years, China has taken the great leap from "catching up with the times" to "leading the times."

Its efforts included organizing compliance training for over 65,000 employees, as well as comprehensively cooperating with the U.S. side and providing over 132,000 pages of documents. In 2017, ZTE invested over 50million U.S. dollars in its export control compliance program and is planning to invest more resources in 2018, the statement said.

Valin made 4.12 billion yuan in net profit in 2017, one of the largest among listed steel companies. This was a sharp contrast with a loss of over 1 billion yuan in 2016 and nearly 3 billion yuan in 2015.