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China is ready to work together with India to strengthen strategic communication, promote strategic mutual trust and broaden pragmatic cooperation in all sectors to become good neighbors, who coexist peacefully, and good friends, who collaborate sincerely to revitalize their countries, in a bid to make important contribution to stability and prosperity in Asia and the world at large, Yang said.

China is not part of the TPP. But China is negotiating the Regional Comprehensive Economic Partnership (RCEP) with 10 ASEAN nations and Japan, South Korea, Australia, New Zealand and India.

China is one of the four key strategic markets for Volvo CE. The company currently has more than 700 local staff, with two manufacturing plants - one in Shanghai, the other in Linyi, Shandong province - as well as a technology center in Jinan, Shandong province.

China has the world's most active consumer market, and the new economic growth pattern of "dual circulation" will be the significant development strategy during the 14th Five-Year Plan (2021-25), Zeng said.

China has proposed a "dual-track approach" to denuclearize the Peninsula and establish a peace mechanism as well as "suspension for suspension", which would defuse the looming crisis there.