The recently concluded Fourth Plenum Session of the Communist Party of China approved the draft proposal for the 15th Five-Year Plan, setting the strategic direction for China’s next stage of development.

Beijing wants to double down on advanced semiconductor technologies, artificial intelligence and basic research.

"China will always be an important opportunity for global development," Xie said, pointing to the country's "huge and ever-expanding consumption market" of 1.4 billion people, with "the world's most complete industrial system" and "a thriving global innovation hub".

President Donald Trump and Chinese president Xi Jinping have begun what is expected to be three to four hours of high-stakes ,in-person talks in hopes of lowering the temperature of a simmering trade war that has threatened to boil over and upend the global economy.

U.S. President Donald Trump is meeting with Chinese President Xi Jinping in South Korea on Wednesday (Thursday morning local time).

Chinese leader Xi Jinping met South Korean counterpart Lee Jae Myung on Saturday, after taking centre stage at an Asian summit in the wake of US leader Donald Trump's departure.