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In his speech at the opening ceremony of the forum, Wang said that global politics and economy are now undergoing the most profound changes after the end of the Cold War. The world now faces such challenges as maintaining a stable development of the world economy, demographic changes, climate change, development imbalance, lag in global governance mechanisms, and rise of the thought of populism and unilateralism.

Xi, also general secretary of the Communist Party of China (CPC) Central Committee, made the statement in a congratulatory letter to a symposium marking the 70th anniversary of the Universal Declaration of Human Rights in Beijing Monday.

Li also called for intensified people-to-people and local exchanges as well as cooperation in areas of media, youth, tourism, health and sports.

Egypt thinks highly of and actively participates in the Belt and Road Initiative and is willing to boost the efforts to coordinate the development strategies of the two sides and boost the pragmatic cooperation, the Egyptian prime minister said.

The country has cut tariffs for an array of products including vehicles, consumer products and industrial goods this year, lowering the overall tariff rate on imported goods from 9.8 percent last year to 7.5 percent. It has also relaxed foreign ownership restrictions in such sectors as automobiles and financial services.