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Li also pledged that China will be more open and improve the market environment to give fair competition for companies from both home and abroad.

"China applauds the important role it has played in building consensus and promoting common development," he said.

For instance, the Ministry of Culture and two public institutions embezzled 104 million yuan (17 mln U.S. dollars) and spent 30 percent of it on gifts and giving out allowances. The eight state-owned banks, including the ICBC, were found to have lent 375 billion yuan to companies barred from gaining such loans.

Hua said the Chinese government attaches great importance to the safety and legitimate rights of Chinese nationals and organizations in Iraq and that the embassy in Baghdad has demanded the Iraqi side take effective measures to protect them.

Wang said China will continue to promote sustainable security through sustainable development, and work together with other countries for "lasting peace and prosperity in the region".