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The world's second largest economy will continue to vigorously improve its people's well-being and ensure that the benefits of development are shared by all, said Xi.

Fourth, we need to widen channels to address the financing issue. Since China and CEE countries have different legal frameworks, our collaborative projects may encounter some difficulties. China respects relevant EU standards. And we are ready to explore with the governments of the 16 CEE countries to open more channels and offer preferential policy support to major cooperation projects in a more flexible manner. We should fully leverage the 10 billion U.S. dollars special credit line, study the idea of setting up a 3 billion U.S. dollars investment fund, launch the second phase of China-CEEC investment cooperation fund, and discuss the possibility of a RMB fund for China-CEEC cooperation. The Bank of China, the Industrial and Commercial Bank of China and the China Development Bank have opened branches or representative offices in the CEE region. China supports cooperation with CEE countries in local currency swap, local currency settlement and financial regulation. We propose the setting up of a 16+1 multilateral financial company to reduce financing costs for our cooperation through financial leasing, trade financing, equity investment, PPP and other forms. When Chinese equipment and products are used, China is ready to provide preferential financing support. China's application to join the European Bank for Reconstruction and Development has been approved by its Board of Governors, and is waiting for the approval of its Board of Directors. The two sides are also discussing joint financing, through which CEEC companies can get more funding. China is ready to strengthen financing cooperation through this channel according to EU standards. In addition, the Asian Infrastructure Investment Bank (AIIB), the Silk Road Fund and other financial institutions may also provide support to our cooperation projects.

Li added that a long-term stable and sound development of the China-U.S. relations is not only beneficial to the two countries, but also a contribution for world peace, stability and development.

In his speech, Xi reiterated the principle of "common but differentiated responsibilities," saying it must be upheld during the upcoming climate negotiations.

The Turkish president also said Turkey will never allow any group to conduct anti-China activities or activities that undermine the Sino-Turkish relationship on its soil.