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"China's past achievements were realized by the reform and opening up, and future progress can only be made by further reform and opening up," he said.

International oil prices have fallen due to factors including increased production from Saudi Arabia, higher than expected growth of U.S. stockpile, eased U.S. sanctions against Iran, and expectations of falling demand, according to the NDRC price monitoring center.

The fields of sustainable, renewable and clean energy were highlighted as a key area of energy cooperation between the two sides.

Hailing the traditional friendship between Kuwait and China, Nasser said the two countries had always trusted and supported each other.

The Communist Party of China (CPC) and the government should build and maintain a sound institutional environment and provide preferable services and regulation to support innovation and stimulate market vitality, he said.