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Opening of the economy is a key feature of modern China, and the opening of capital markets and other financial markets has played an important role in boosting the Chinese financial sector's international competitiveness and ability to serve the real economy, Li said.

Mahara was visiting Beijing just two weeks after Pushpa Kamal Dahal was elected as Nepal's new prime minister. He also met with Chinese Foreign Minister Wang Yi and Song Tao, head of the International Department of the Communist Party of China Central Committee during his stay.

All parties at the summit should work to build an innovative and open world economy to generate new drivers of growth and expand the scope of development, he said.

Figures from the National Development and Reform Commission (NDRC) show that the number of newly registered enterprises exceeded 2.62 million in the first half of 2016, up 28.6 percent compared with last year. By the end of 2015, venture capital had contributed about 2.17 million jobs.

In a meeting with Latvian President Raimonds Vejonis, Li said China is ready to join hands with Latvia to synergize their development strategies, promote cooperation in such areas as transportation, infrastructure construction and trade, achieve dynamic equilibrium of bilateral trade, and boost people-to-people exchanges in youth, media, tourism and other areas at different levels.