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China is willing to strengthen coordination and cooperation with Kazakhstan to promote SCO cooperation in all areas, and continuously enhance the cooperation under the framework of the Conference on Interaction and Confidence Building Measures in Asia, so as to make the conference better serve regional security and development needs, said Xi.

In the communique, SCO member states also stressed the significance of improving the global economic governance system, consolidating and developing the multilateral trade mechanism with the World Trade Organization at its core, and building an open world economy.

Recent years have seen China make visible progress in developing a national social credit system. A unified social credit code has been introduced nationwide. A total of 33.99 million credit codes have been issued to newly registered businesses. And 71 central government departments and provincial governments have been connected to the national credit information sharing platform. The cross-sectoral, inter-agency mechanism of incentives and disincentives for acts of good or bad faith made initial impacts. Big data has been applied in credit investigation and helped businesses meet real needs.

Wang said Spain is a regional power and an important EU member with global influence, and is a good friend of China in Europe.

China now has three IPR courts and is revising its Patent Law to establish a punitive damage system for intellectual property infringement.