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This year's Understanding China Conference, the fifth of its kind, is attended either online or offline by over 600 celebrated politicians, strategists, scholars and entrepreneurs across the world.

The country stands ready to work with all parties to set up "green lanes," which will help make customs clearance more efficient, unclog bottlenecks, and reconnect disrupted links.

Currently, with Europe and some other regions in the world facing the test of a second wave of the pandemic, it remains a top priority for all parties to work together to fight the epidemic, Xi stressed.

During the meetings, the president put forth 23 important initiatives, proposals and measures for coordinating COVID-19 control with economic and social development, including cooperating to shape the post-pandemic international order and strengthening global economic governance, according to Chinese State Councilor and Foreign Minister Wang Yi.

Calling China-U.S. economic and trade cooperation the "ballast stone" of bilateral ties, Wang expressed the hope the USCBC and the U.S. business sector can play their due role in bringing bilateral relations back on track and make active contributions in the process.