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BEIJING, Jan. 1 (Xinhua) -- The Central Military Commission (CMC) has released a guideline on deepening national defense and military reform, about a month after CMC Chairman Xi Jinping called on a military administration and command system overhaul at a key meeting.

He also said the Chinese side is willing to expand the scale of oil trade between the two countries, and discuss and promote bilateral cooperation in areas of new energy, clean energy, nuclear energy and security.

China's economy expanded 6.9 percent in the first three quarters. To combat the slowdown, the central bank has cut benchmark interest rates six times since November last year and lowered banks' reserve requirement ratio several times.

He stressed the importance of extensive research of the current economic conditions and to this end, he said, clear objectives were needed.

Middle Eastern countries, which are currently undergoing reform and change, urgently need guaranteed political stability and dynamic economic growth.