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It has become a vigorous inter-regional cooperation mechanism which has provided a new avenue for China's cooperation with Europe, he added.
Government departments should introduce detailed measures as soon as possible to accomplish key tasks including deepening reform and opening-up, streamlining administration and cutting taxes and fees, according to a document issued after the meeting.
Foreign portfolio investment into China reached a record high of 120 billion U.S. dollars last year, as international institutional investors diversified their portfolio investment and China further opened up the bond market and stock market, he said.
Technological exchanges and trade contacts between Chinese and foreign enterprises have been promoted since China regards intellectual property as a bridge between countries for innovation and cooperation.
He said the consensus reached by the two heads of state during their meeting in Argentina has mapped out the direction for the development of China-U.S. ties. The two sides should work together to expand cooperation on the basis of mutual benefit, control their differences on the basis of mutual respect, and actively promote the development of bilateral relations with coordination, cooperation and stability as the defining features.