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"We are delegating powers to energize the market, and improving regulations to enhance enforcement quality. Our purpose is to foster an enabling business environment for market players," Li stressed.

Xi exchanged ideas with each of the speakers before delivering an important speech, in which he praised the speakers for their valuable opinions and suggestions.

Guo urged efforts to ensure both development and security and promote the further implementation of the Peaceful China initiative.

He called for efforts to foster strategic emerging industries such as quantum communications to gain an upper hand in international competition and build new advantages for development.

Indeed, even amid the pandemic, the EU has shown great investment confidence in China. On Sept. 28, Volkswagen Group China (VGC), a subsidiary of German automotive manufacturer Volkswagen Group, announced its plan to invest some 15 billion euros (17.5 billion U.S. dollars) together with its joint ventures in e-mobility in China from 2020-2024.