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"The two sides should proceed from the fundamental interests of the two peoples and the people of the world, respect each other, seek common ground while reserving differences, pursue win-win results in cooperation, and promote bilateral ties to develop in the right direction," said Xi.

Luo said that the two leaders agreed to designate 2020 as the China-India year of cultural and people-to-people exchanges, and hold 70 events next year to mark the 70th anniversary of the China-India diplomatic relations.

Noting that the world is faced with complex changes, rising protectionism and unilateralism, and mounting downward pressure on the global economy and trade, Li said openness today requires the courage to rise above barriers such as various restrictions and prejudices.

The BRI is a great initiative to promote global cooperation, he told Xinhua in an interview in September.

The country will further improve policies of export tax rebates, trade financing and credit insurance, and ensure the cross-border e-commerce retail import polices to be fully applied in comprehensive bonded zones step by step, it said.