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New vitality has been injected into the country's real economy through fintech innovations. Digital credit has substantially increased the availability of inclusive financing by performing intelligent risk control with big data, which reduced reliance on collateral, said Guo.

He stressed the importance of efforts to safeguard the authority of the Constitution, promote its comprehensive and effective implementation, uphold the unity of the country's legal system, raise public awareness of the Constitution system and its practice so as to advance law-based governance and Constitution-based governance to higher levels.

In face of COVID-19, the two countries took the lead to effectively control the pandemic and establish the fast-track entry system, offering useful experience and setting a good example of cooperation in the joint fight against COVID-19 for the rest of the world, he said.

He also proposed coordination in major global challenges and hotspot issues such as poverty reduction, anti-terrorism and noNPRoliferation, and enhanced cooperation under multilateral frameworks.

Li and the leaders of other member states signed a joint communique and approved a series of agreements and resolutions on SCO cooperation in trade and other areas.