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This places China one step closer to providing an alternative to the US-operated GPS.
“Global development should not be the development of any single country,” the Chinese President said.
China and the US put forward a "common vision" for climate change agreements to be discussed in Paris this year.
Washington and Beijing are hoping to announce some progress towards a US-China investment treaty during Xi’s trip.
China accounts for over 30 per cent of total foreign investments in Myanmar.
China is forecast to surpass the US as the world’s largest aircraft market within the next 20 years.
“China had been a significant contributor to the global growth in the past decade,” said Jaitley.
CEOs of Apple, Microsoft, IBM, Boeing, Amazon and Chinese firms Alibaba, Tencent and Baidu are attending the event.
Turkey is a strategic location along the "Belt and Road", an infrastructure and trade network proposed by China.
Analysts have long argued that SOEs made competition unfair.
