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China will unswervingly encourage, support and guide the development of the nonpublic sector and support private enterprises to develop toward a broader stage, according to a statement issued after the symposium.

China will reduce or cancel tariffs on certain imported goods and materials starting in 2021 in a bid to expand imports, boost the domestic market and support the formation of high-standard free trade areas under the country's new "dual-circulation" development paradigm, according to the Ministry of Finance.

China will never pursue development at the expense of others' interests, but nor will China ever give up its legitimate rights and interests. No one should expect us to swallow anything that undermines our interests. China pursues a national defense policy that is in nature defensive. China's development does not pose a threat to any other country. No matter what stage of development it reaches, China will never seek hegemony or engage in expansion.

China's Ambassador to the US Cui Tiankai addresses to the closing dinner of the 15th annual Horasis China Meeting in Las Vegas, Nevada, on Tuesday. 

China's Foreign Ministry has said that the Korean Peninsula nuclear issue is in essence a security issue, and its crux is the contradiction between the DPRK and the US.