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"Competition will also lead to cheaper battery prices and more industry consolidation, and the rest of the domestic battery manufacturers will have to fight more fiercely for market share."

and many other countries about the latest epidemiological situation, and shared data of this novel coronavirus with the international community," Zhang said.

"China will step up the in-depth crackdown of the banking sector, while improving its regulatory regime in 2018," said Zeng Gang with the Institute of Finance and Business under the Chinese Academy of Social Sciences.

"China's development in power generation technology will (also) play an even bigger role in these economies' development, which is beneficial to the entire world," Yuan said. Cooperation between China and other Belt and Road Initiative economies is linked through development contracts and equipment exports. China has signed agreements involving 295 power projects with more than 40 countries in the past four years. These include coal-fired and hydropower stations in Southeast Asia, and wind farms and coal projects in South Asia.

"Currently the most important event in our bilateral relations is President Trump's China visit in November," Xi said. "His visit will be a major opportunity for the development of China-US relations."