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Merkel said Germany attaches importance to China's key role in international affairs, highly appreciates its support for Europe's prosperity, and is ready to work with China to advance multilateralism.

Thirdly, BRI cooperation follows the principle of extensive consultation, joint contribution, and shared benefits, which demonstrates BRI cooperation is based on negotiations among parties and is never unilateral. Hence, the "debt trap" rhetoric is highly unfair.

"Governments at all levels must take improving the business climate as a key measure for stimulating market dynamism. Just as the tax and fee cuts are designed to lessen corporate burdens, improving the business climate is meant to serve the same purpose. In face of fierce international competition, we must tackle all the areas of weakness in our business environment, such as access to credit as well as bankruptcy filing," Li said.

BEIJING, May 9 (Xinhua) -- China will hold the Conference on Dialogue of Asian Civilizations starting from May 15, a senior official said Thursday.

-- Clean government is the moral principle and the legal red line that should never be crossed in Belt and Road cooperation.