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China has been sticking to the principles of consultation, contribution, shared benefits, mutual respect and win-win cooperation when conducting financial cooperation with other countries, Lu said.

China for us is not only one of our most dynamic markets, it is also the second-biggest long-haul market in terms of turnover after the United States. And together with our joint venture partner Air China, we are clearly No 1 between China and Europe. About 5 percent of our global revenue comes from our Chinese routes. Last year, we grew revenue 12 percent, so in two more years we will break the 1-billion-euro turnover threshold.

China has not only benefited from but also contributed to economic globalization, Xi said, adding that China's development means opportunities for the world.

China has limited production capacities of raw materials for steel production, and more than 80 percent of iron, manganese nickel ores rely on imports, while almost all chrome ores are imported, with import sources highly concentrated, according to Li, who is also deputy head of China Iron and Steel Association.

China has introduced effective poverty alleviation measures, such as resettlement, promotion of e-commerce and dedicated government support, he said.