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At the occasion, Xing said that the 2019 year marks the 70th anniversary of the establishment of China-Mongolia diplomatic relations, the 25th anniversary of the revision of the Treaty on Friendship and Cooperation between China and Mongolia, and the 5th anniversary of the establishment of a comprehensive strategic partnership.

At the end of August, overseas investment contributed nearly 8 percent to the treasury bond market, the highest proportion in history. [Photo/VCG]

At the same time, iron ore prices are comparatively low thanks to rising output, oversupply, and high port inventories, Wang said. "Low material prices help keep steel production costs at relatively low levels."

At the end of last year, WeRide launched a trial run of autonomous taxis, named RoboTaxi, in a 144-square kilometer area of South China's Guangzhou city. Passengers can order a taxi via its app and experience a driverless journey. "As the basis of the technological advantages, our country has numerous talents, especially in the fields including artificial intelligence, big data and cloud computing," Gao said.

At the beginning of China's reform and opening-up policy, trade between China and Europe was roughly billion. Four decades later,trade has soared to over 0 billion. The EU has now become China's largest trading partner, and China the EU's second largest trading partner for 14 consecutive years.