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On the profound friendship between the Cambodian royal family and China, Xi told Queen Mother Norodom Monineath that King Father Norodom Sihanouk was a respected and good friend of the Chinese people, as well as a symbol of China-Cambodia friendship.
China has long been seen as the "world's factory," churning out vast quantities of low-quality goods. But with intensified government efforts, such as financial support and administrative assistance for start-ups, China is closing the innovation gap and is hoping it will invigorate the broader economy.
"When you have foreign direct investment, building manufacturing companies in the Philippines, we give jobs to our people, so it becomes inclusive growth, not only hot money coming in and going out," he said.
On the trade front, in the first half of 2016, the two-way trade reached 2.34 billion U.S. dollars, a 10.2 percent growth year-on-year.
China is ready to make joint efforts with other BRICS nations to make the upcoming BRICS summit in India's Goa a success and inject new dynamism into the BRICS cooperation, he added.
