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China is willing to step up strategic coordination with the European Union to further the major political agendas between them and jointly cope with global challenges such as public health, climate change and the protection of biodiversity, he added.

China will also import up to 38 billion cubic meters (27.3 million tons) of gas from Russia to China each year through its China-Russia East-Route Natural Gas Pipeline by the end of 2020, when the pipeline is completed.

China started to mediate on the Korean nuclear issue and host talks in 2003, at the United States' sincere request. As a developing country, China upholds its five principles of peaceful coexistence. On the Korean nuclear issue, which has a direct bearing over regional security, China's position is to strongly oppose nuclear proliferation. Upon taking up its role as a mediator, China firmly requested the Democratic People's Republic of Korea (DPRK, commonly referred to as North Korea) to stop its nuclear weapons development while requesting other concerned parties, especially the U.S., to address the DPRK's legitimate security concerns. But the deep mistrust between the U.S. and the DPRK made it very hard for any consensus or agreement made during the years of negotiations to be effectively implemented.

China rolled out a master plan for the development of the Hainan Free Trade Port in June, which outlined a long list of opening-up policies aimed at building the island into a globally influential free trade port by the middle of the century.

China will build e-commerce pilot projects in 100 counties by the end of 2021 to meet the supply and demand of agricultural products and open up more channels for farmers to increase their incomes, according to the Ministry of Agriculture and Rural Affairs.