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The Russian side, he added, is willing to work with China to further deepen all-around cooperation, cement mutual understanding and support on international affairs, and keep lifting the two countries' comprehensive strategic partnership of coordination to higher levels.

China has shown utmost sincerity in rounds of negotiations with plans to meaningfully increase purchases of U.S. goods and services, to meet demands of Chinese people for higher living standards and help the United States to boost employment.

China has 178 tariff items of vehicles in total, with an average tariff rate of 21.5 percent currently. It has 97 items for auto parts, with an average duty of 10.2 percent.

The event will also chart the course for developing future relations. To build a stronger community of shared future between China and African countries and achieve win-win cooperation and common development, it will aim to synergize the Belt and Road Initiative, the United Nations' 2030 Agenda for Sustainable Development, the African Union's Agenda 2063, and the development strategies of individual African countries.

Nearly 70 representatives of investment organizations and tech scale-up companies from 21 European countries attended the summit to meet with 40 investors and 70-plus tech companies in China.