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China has set up a China South-South Climate Cooperation Fund to help developing countries tackle climate change, and is pushing for jointly building a Silk Road of Green Development.

Noting that this year marks the 70th anniversary of the two countries' diplomatic ties, Li said China is willing to take this as an opportunity to step up all-around pragmatic cooperation, focus on the joint fight against COVID-19, and promote the comprehensive strategic partnership of the two countries.

"While global economic activity has picked up since June, there are signs that the recovery may be losing momentum, and the crisis is likely to leave deep, unequal scars," said the IMF in a report.

Both countries should carry out coordination and cooperation in the fight against COVID-19 to defeat the pandemic with joint efforts, and they have the responsibility to strengthen communication on major issues such as the global economy, climate change, anti-terrorism and internet-related issues, and strive to provide more public goods for global peace and stability and world economic recovery.

"It is clear that no economic recovery from the current global economic slowdown is possible without China being a major part of the equation," noted Rohana Mahmood, chair of APEC Business Advisory Council.