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In steps to cut government interventions that hinder growth, this year has seen the removal of more than 300 administrative approval items, which has helped to drive a notable rise in the number of business registrations.

China has set a 1-trillion-U.S. dollar target for its trade with ASEAN member countries by 2020, while two-way trade volume between the country and Russia is expected to rise to 200 billion dollars in the next seven years.

China's effort to boost its ties with neighboring countries is also strategically aimed at building a peaceful environment for itself. It is also in line with the historical trend of peace, cooperation and enhanced connectivity in a globalized world.

Pheng Yin Huah, president of the Federation of Chinese Associations Malaysia, said the program shows that China values its relations with Malaysia and President Xi wants more Chinese businessmen to invest in Malaysia.

He spoke highly of the contribution of UNESCO to world educational, scientific and cultural development, and pledged China's greater support to and closer cooperation with UNESCO .