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China is the only G20 country in which output is projected to rise in 2020, supported by its rapid control of the coronavirus outbreak and the policy support driving quick work and production resumption.

China is ready to deepen communication and cooperation with Italy on major issues such as global governance, climate change and WTO reforms to safeguard their shared interests, uphold multilateralism and free trade, and promote world peace, development and prosperity, Xi said.

China has pledged to cut its carbon emissions per unit of GDP by 60-65 percent from 2005 levels by 2030 and raise the share of non-fossil energy use in total consumption to about 20 percent.

China is also willing to work with France to promote traditional strategic cooperation in nuclear energy, aviation and aerospace, as well as in emerging fields such as digitalization, medicine and health, green development and artificial intelligence, and in jointly opening third-party markets.

China is gradually switching from an approval-based IPO system to a more market-oriented system based on registration.