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China has adopted a number of key policies to improve the provision of medical care and health insurance while ensuring adequate drug supplies and regulation in view of reaching objectives set by Beijing's "healthy China" strategy.

More efforts should be made to improve foreign trade environment, promote nationwide integrated cargo-clearance system and strengthen international cooperation on production capacity, Wang added.

The government will continue to streamline its service for startup firms and expand its cooperation with private sectors.

Xi reiterated that the focus should be put on measures to cut excessive industrial capacity, destock, de-leverage, lower corporate costs and improve weak links.

They believed that China and the ASEAN countries are able to jointly maintain peace and stability in the South China Sea through cooperation.