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Apart from the piloting of a registration-based IPO system on the ChiNext board, China has rolled out a raft of measures in recent years to make key institutional innovations, including the establishment of a sci-tech innovation board and the reform of the National Equities Exchange and Quotations, or the "new third board."

Apparent progress in developing a coronavirus vaccine has also increased investor confidence.

Apart from her talks with Li, the two leaders also witnessed the signing of twelve cooperative documents, covering such fields as entrepreneurs, customs, education, innovation and finance.

Antonio Villafranca, research coordinator and co-head of the Europe and Global Governance Centre, Italian Institute for International Political Studies, speaks via video at the Global Think Tank Webinar -"Stronger together: Global recovery from COVID-19" in Beijing on July 29, 2020. [Photo by Feng Yongbin/China Daily]

Another illustration is the focus on environmental and climate issues. This interest has spread outside of government offices and industries to reach the general public and has become quite comparable to Western Europe.