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China stands ready to synergize its Belt and Road Initiative and Armenian development strategies so as to make the development of bilateral ties and cooperation benefit the two peoples, said Chinese premier.

China supports necessary reforms and improvements for the WTO and strengthen the effectiveness of the organization while keeping its authority, he said. Trade liberalization should be adhered to along with its basic principles such as openness, transparency, inclusiveness and non-discrimination, the premier said.

China said the mission in its own territorial waters is beyond reproach and justifiable after Japan lodged a protest for a Chinese frigate entering into waters surrounding the Diaoyu Islands on Thursday.

China pledged to continue opening up its economy and to take it to a "higher level".

China will accelerate capital market reforms this year, giving priority to expanding the market-based initial public offering system, improving the quality of listed companies and increasing market openness to draw more long-term institutional capital from home and abroad, analysts said.