He also warned that if financial risks were not effectively controlled, Belt and Road construction would suffer.
He added that Hong Kong has actively participated in the development of the Belt and Road Initiative and the Guangdong-Hong Kong-Macao Greater Bay Area, with a positive trend of integrating itself into the country's overall development.
He also "gave guidance" at the Sinuiju Cosmetics Factory and praised it for updating the production process. He encouraged it "to continue to make a leap forward to attain a higher goal," KCNA said.
He added that China believes the two countries should commit to fostering a new type of major-country relationship rooted in mutual respect and cooperation, rather than confrontation and conflict.
He also said Trump directed negotiations for a real estate project in Moscow during the White House race even as he publicly said he had no business interests in Russia.
He added that while cultural difference between the two countries are unavoidable, the two sides should show wisdom in addressing their differences and respect each other’s perspectives.
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He added that Xiaomi has an upper hand in the hardware design, manufacturing, selling and supply chain, while Meitu could exert its advantage in software fields, such as image processing technologies and selfies.
He also noted another challenge for intellectual property, using the example of San Francisco's Office of Emerging Technology.
He Lifeng, minister of the National Development and Reform Commission, the top economic planner, called the bay area project a "millennium plan" when speaking with journalists on Friday, and said it should be more efficient, orderly and effective in the next stage.
He added that the development of software and information services, especially innovative development, has injected new vitality into the restructuring of industries in the city, which has moved factories from the downtown to suburban areas.