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"China has been speeding up efforts to develop its own core components and standards," said Li Sha, an analyst at GF Securities Co Ltd. "The initiative will accelerate the pace of replacing foreign technologies with self-developed ones."

"China attaches great importance to ties with the countries and stands ready to further strengthen mutual trust, cooperation and exchanges, so as to advance bilateral ties and better benefit the people," Xi said, expressing the hope that the ambassadors will play a positive role to this end.

"China has initiated the AIIB (Asian Infrastructure Investment Bank), which is playing a very important role in the East Asia region. China is involved in major trade negotiations with the ASEAN countries and many others," he said.

"By next year, the RMB may strengthen another two percent further."

"China has consistently opposed the use of force in dealing with international relations, and believes that all parties should take effective measures to observe the purposes and principles of the Charter of the United Nations, as well as basic norms that guide international relations," Geng said on Friday.