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During Abe's visit, China and Japan have agreed to uphold free trade and oppose protectionism, to accelerate negotiations on a free trade zone among China, Japan and the Republic of Korea, and safeguard the regional economic integration process in the Asia-Pacific region.

The country's non-public sector has grown under the guidance of the Party's principles and policies since the implementation of the reform and opening up, Xi said.

"By the end of the year, the time required for opening a business will be cut to 8.5 days in major cities," Xiong said, adding the procedures will become clearer and more predictable.

"To foster a more enabling business environment, the primary task is to widen market access, and secondly to properly exercise supervision and oversight," Li said, " The government should leave no regulatory gaps and conduct even-handed oversight, abolish any arbitrary practices in fee collection or inspection, avoid unwarranted interference in business operations and continuously narrow the gap with world-class business environments."

It has not only brought huge benefits for the people from both nations but also promoted the peace, stability and prosperity of the world, said Wang.