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"Commercial endowment insurance shall be vigorously developed. In the past few years, new industries and new business models have emerged as China deepens reform of government functions and encourages entrepreneurial and innovation activities nationwide," Li said.

It is in line with both countries' interests that the two countries conduct cooperation in areas of economic development, connectivity, and cultural and people-to-people exchanges, she said.

Sonia Bressler, a French writer and sinologist, said Xi's vision of a community with a shared future for mankind "has never had so much importance, so much real meaning for China and also for the West," since it "offers solutions" to major challenges posed by the health crisis.

Hua pointed out that as a permanent member of the UN Security Council and a responsible major country, China has always implemented the Security Council's resolutions and fulfilled the country's international obligations. China has also actively promoted the political settlement of the Korean Peninsula issue.

The suggestions, experts believed, come at a critical time and will inject great impetus into the China-ASEAN community with a shared future with increasingly deeper cooperation witnessed across the board.