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The two countries believe that the cooperation on production capacity and investment is an important part of the pragmatic cooperation between the two countries.

Neven Cveticanin, a senior research assistant at the Institute of Social Sciences of Serbia, told Xinhua in a recent interview that the stable and fruitful bilateral cooperation helps improve Serbia's economy and its people's living standard, and also sets an example for Central and Eastern European (CEE) countries to strengthen their cooperation with China within the framework of the win-win initiative.

"China's door to the outside world will open even wider, rather than being closed," he said. "China will continue to greatly ease market access, create a more favorable environment for investors, strengthen the protection of intellectual property rights and expand imports to create a more relaxed and orderly environment for domestic and foreign entrepreneurs to invest and start businesses in China."

On the recent DPRK-U.S. summit, Xi said it marked an important step forward in the political settlement of the Korean Peninsula nuclear issue. He called on the two sides to implement the outcomes of the summit, and parties concerned to make concerted efforts to advance the peace process.

"We need to aim for a higher bar in attracting foreign investment. We should raise our innovation capacity in the new round of opening up and see that all intellectual property be fully protected. No forced technology transfer will ever be imposed on foreign-invested enterprises and IPR infringements will be penalized to the full extent of the law," Li said.