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The financing channels will be widened. The scope of qualified collaterals of the Medium-term Lending Facility will be expanded to cover loans for micro and small firms with a credit quota of up to 10 million yuan per company. Support will be given to more such firms for equity and bond financing.

During the period, China's grain output has doubled to over 600 million tons and modern technology is being developed in various industries, Perry noted.

Sinohydro has also been working on the establishment of a huge solar energy complex in Morocco's southeastern province of Ouarzazate that is expected upon completion by 2020 to provide clean energy for more than 1 million Moroccan homes, with even surplus electricity to export to Europe.

The Asia Pacific Exchange, founded by Chinese companies, for instance, was officially opened in Singapore in May, aimed at establishing Asian price benchmark for commodities and becoming a new iconic BRI project.

On trade issue, the Chinese president said that G20 should firstly stick to openness and free trade, maintain and further expand an open market, and realize win-win cooperation through mutual exchanges and complementarity.