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China has remained steadfastly committed to multilateralism and the principles of sovereignty, equality, mutual benefit and non-interference, Hu said. 

China is the closest partner of cooperation for ASEAN, and Malaysia welcomes and hopes that China will continue to play an important role for regional peace and stability as well as common development, he said.

China hopes to address the trade dispute with the United States through dialogue and consultation. But if any party insists on starting a trade war, China is ready to take any necessary measures to defend its legitimate interests. [Photo/VCG]

China hopes to strengthen cooperation with other countries and do its best for a stable global supply chain, and minimize the impact of the pandemic on the world economy, Geng added.

China is expected to fill the large talent shortage in its domestic computer chip industry, as the US ban on sales of electronic products to smartphone maker ZTE underscores China's overreliance on imported chips, experts say.