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As for the financial industry, the guideline said that Xiongan will "take the lead" in putting the newest research results in financial technology, or fintech, into practice, and build a high-standard fintech center.

As economic and trade cooperation brings tangible benefits to both peoples, the two countries should adopt constructive measures to properly settle economic and trade issues of mutual concern by opening up the market to each other and "making the cake of cooperation bigger," Xi added.

As a big country, China must keep emphasizing development of the real economy, Xi said, adding that manufacturing is essential to the real economy, which should be driven by innovation and key technologies.

As a major impetus for economic and social development, SMEs make contributions to increasing employment, improving people's livelihood and promoting entrepreneurship and innovation, said the guideline jointly released by the General Office of the Communist Party of China Central Committee and the General Office of the State Council.

As Yale's president, Salovey now travels to China about three times a year, mostly for Yale's joint programs in China and its alumni events there.