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China has taken a major step in its energy supply reforms by bringing the pipeline and storage facilities of its State-owned oil giants under the newly formed China Oil & Gas Pipeline Network Corp.

China is expected to pioneer a high-standard opening-up in the next five years and attract more foreign investment, Zhu said.

China has promoted free trade and facilitated investment through jointly building the Belt and Road with other countries, Xi said, adding that China’s trade volume with countries involved in the BRI has exceeded trillion in the past five years.

China hopes the United States chooses "cooperation and mutual benefit" instead of "confrontation and mutual loss" in addressing trade issues, but it is prepared to respond to any US measures.

China is also willing to work with France to promote traditional strategic cooperation in nuclear energy, aviation and aerospace, as well as in emerging fields such as digitalization, medicine and health, green development and artificial intelligence, and in jointly opening third-party markets.