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In July 2018, LG Display opened an OLED panel factory in south China's Guangdong Province with a total investment of 46 billion yuan (6.9 billion U.S. dollars).

-- State-owned enterprises (SOEs) have taken the lead to support the country's poverty relief campaign. Ninety-six centrally-administered SOEs have offered targeted support to 246 poverty-stricken counties, or 41.6 percent of the key counties under the national poverty-relief program. They have also set up poverty alleviation funds of 18.18 billion yuan (about 2.7 billion U.S. dollars) and invested 14 billion yuan in nearly 100 aid projects.

Li said that China overall achieved a stable performance while at the same time secured progress in its economic development last year. In the face of new downward pressure, China will continue to vigorously promote countermeasures such as tax and fee reduction and fostering new growth engines.

"Azerbaijan was one of the first countries to respond to the Belt and Road Initiative, and cooperation between the two countries in various fields has seen a series of early harvest," said Wang, adding that China is willing to work with Azerbaijan to seize the great opportunity of jointly building the Belt and Road and deepen bilateral ties and cooperation in various areas to benefit the two countries and the peoples.

The EU will implement the consensus along with China to push bilateral relations for more results, they added.