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"Committed to promoting human rights through openness, China keeps opening up the country, which not only serves our own development, but also allows China to live up to its responsibility as a major country and share its development experience and opportunities with the rest of the world," Yu said.

Noting that the world is now facing the headwinds of unilateralism and protectionism, Li said the solution to the challenges lies in "making a stronger commitment to uphold multilateralism, free trade, economic globalization and an open world economy, and striving to sustain the hard-won global recovery with concrete and concerted efforts."

The traditional friendship created and nurtured by the the older generations of leaders of both countries has been the most valuable treasure, Kim said.

The Chinese top diplomat suggested that to uphold multilateralism in the new era, efforts shall be made to adhere to the following principles:

China will never allow compulsory technology transfers, said Li, noting that if any such case is discovered, China will investigate and deal with it according to law.