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The foresight of China's new proposals at the summit lies in the country's sincerity to build a clean and beautiful world with global partners. Over the years, China has been a champion of multilateralism, and upholds the principle of common but differentiated responsibilities on climate change.

He said countries around the globe need to safeguard peace and development in their regions through enhanced dialogue and mutual trust.

The RCEP, recently inked at the leaders' meetings on East Asian cooperation, is of great significance for participating countries to jointly tackle the uncertainties in the international landscape, increase intra-regional trade, stabilize industrial and supply chains, enhance people's well-being and facilitate China's high-level opening-up, according to the meeting chaired by Premier Li Keqiang.

China's personal insurance has seen sound and fast development in recent years with commercial personal insurance reaching a considerable coverage nationwide, yet problems such as insufficient supply and low level of protection still exist, said the meeting.