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"Globalization and regional integration, in particular the construction of Guangdong-Hong Kong-Macao Greater Bay Area, combine to provide conditions for Shenzhen to make use of global resources and occupy global market," said Ni Pengfei.

"Fighting poverty is the fundamental task in building an all-round moderately prosperous society," Xi said.

"Governments at all levels must take improving the business climate as a key measure for stimulating market dynamism. Just as the tax and fee cuts are designed to lessen corporate burdens, improving the business climate is meant to serve the same purpose. In the face of fierce international competition, we must tackle all the areas of weakness in our business environment, such as access to credit and bankruptcy filing," Li said.

"From January to May, SOE profits rose 20.9 percent, with the growth and profit rate up 10.2 percent and 10.7 percent respectively." Li said that the major reason behind this is cost cutting, which is directly related to the reduction of financial leverage.

"From city planning to heritage protection, China has improved its condition by learning and by self-innovation in the past 40 years," said Zhao. "And more importantly, the Chinese people and American people have built a cherished friendship and mutual trust — that's the foundation of broader collaboration between the two great nations.