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Li said China advocates that all countries, big or small, be on an equal footing and respect each other's core interests and major concerns. He expressed the hope that Sao Tome and Principe would firmly adhere to the one-China principle.

Despite harsh natural conditions, locals have successfully boosted the economy by upgrading traditional farming and establishing higher value-added industries such as musical instrument manufacturing, which have reshaped local industry and fueled growth, said Li.

Real estate agencies that mislead individual home buyers by falsely advertising housing function of commercial projects will be severely punished.

Xi introduced the Chinese idea of development to the foreign sides, noting that China will stick to the opening strategy of mutual benefits and continue to be a contributor to the world development, said Wang.

As of Feb. 27, 278 Qualified Foreign Institutional Investors (QFII) have received quotas amounting 89.21 billion U.S. dollars, up from 87.31 billion dollars registered at the end of January, according to the State Administration of Foreign Exchange (SAFE).