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As to the massive trade deficits with China, they are the result of the evolution of the global distribution of industries and global value chains. China, as a main manufacturer of staple commodities, especially consumer goods, has advantages in labor-intensive industries compared with the United States.

As the two major manufacturing powerhouses and investors for outbound direct investment, China and Japan certainly can find more growth potential to develop markets in different parts of Asia, Africa and Latin America to meet their rising demand for industrialization and urbanization, said He Lifeng, chairman of the National Development and Reform Commission.

As the theme of this year's forum is "Greening the Belt and Road, Sharing the desert eco-economy," Xi said it is of great significance to strengthen cooperation in the prevention and control of desertification among countries and regions along the Belt and Road routes.

As software becomes more important and complicated, high-tech suppliers and original equipment manufacturers will fight for the lead, said Pan Jiming, general manager of SAIC Motor's planning department.

As the nearest port to the estuary of the Yangtze, the ice-free Taicang port has a coastline of 38.8 kilometers. Titled a "golden port "of the lower reaches of the Yangtze, it also serves as a turning basin for ships with weights of up to 50,000 tons.