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They also stressed reducing carbon emissions and promoting green and low-carbon development, and called for joint efforts to respond to global challenges such as climate change.

The new development paradigm does not mean "a closed-door circulation," but "will enable China to open up wider and share more opportunities for common development with other countries," Xi stressed at the Asia-Pacific Economic Cooperation (APEC) CEO Dialogues.

Addressing the summit of the five major emerging economies -- Brazil, Russia, India, China and South Africa -- Tuesday in Beijing via video link, Xi put forward a series of proposals for BRICS cooperation to overcome global challenges including the COVID-19 pandemic and global economic recession.

What Xi shared and offered demonstrated China's image as a country which has effectively coordinated COVID-19 control with economic and social development, been constantly improving its governance capacity and moving toward a brighter future, said Wang.

"We must focus on key areas, especially the medical insurance or commercial health insurance. More types of insurance targeting critical illnesses shall be supported and aligned with the basic medical insurance system as supplement to enhance critical illness insurance protection for urban and rural residents," the premier said.