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China supports Italy in assuming the presidency of the Group of 20 next year, and stands ready to strengthen coordination and cooperation with Italy to jointly uphold the international system with the United Nations at its core, strengthen cooperation in global governance, safeguard the multilateral trading system, and build an open world economy, so as to make positive contributions to world peace and development in the post-pandemic era, Wang said.

China is willing to maintain the momentum of high-level exchanges, and the two sides should understand and support each other on issues involving respective core interests and major concerns, Xi said.

China put forward the Belt and Road Initiative in 2013, with the aim of building a trade and infrastructure network connecting Asia with Europe and Africa along the ancient Silk Road trade routes.

China launched the auto insurance reform in 2015 by expanding the insurance coverage, simplifying the compensation process and improving the premium pricing mechanism to address the problem of "high premiums and low compensation".

China welcomes foreign companies operating in China to share their insights to improve the country's investment environment through joint efforts, Sun said.