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China's growing influence can be applied through the initiative to help other countries work through their differences and foster the development of free trade and investment, Kim told China Daily on the sidelines of the ongoing Belt and Road Forum for International Cooperation in Beijing.

China's further opening up and integration into the world economy is assuming unprecedented importance today as the world's largest developing country has entered a new economic rank, with its GDP per capita passing ,000 in 2019.

China's new-energy cars are expected to reach up to 6 million by 2020 when 200,000 tons of power batteries are estimated to retire. The retired battery piles, if not properly dealt with, will pose a great threat to the environment.

China's economic growth is projected to decline to 2.3 percent in the baseline scenario, and 0.1 percent in the lower case scenario in 2020, down from 6.1 percent in 2019, according to the World Bank's updated economic report for the East Asia and Pacific region.

China's key interests focus on a uniform European treatment and protection for its investors, particularly clarity on control of FDI inflows on the basis of national security or industrial policy requirements and maintaining goods access to European markets, since the EU has established a high degree of openness for FDIs.