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It urged employing multiple tools in a coordinated way as required by macro policy to effectively bring down real interest rates, support the development of small- and medium-sized banks, lower financing costs for businesses, especially for micro, small and private firms.

"Thanks to the measures taken by various sides since early this year, real interest rates have been lowered to a certain degree. While borrowing was made less expensive, the difficulty in accessing financing has become more acute," Li said at the meeting.

The Belt and Road Initiative is significant to Kazakhstan, which is ready to strengthen cooperation with China, implement bilateral agreements and achieve more outcomes.

Behind the new face of "China speed" is the country's all-out efforts to pursue national rejuvenation, a vision that can not be realized without a modernized economy that entails better quality, higher efficiency, more robust drivers of growth and opening-up on all fronts.

While chairing the biweekly consultation session, Wang Yang, chairman of the National Committee of the Chinese People's Political Consultative Conference, said such cooperation is an important driver for the BRI construction and represents a higher level of support for the country's opening-up.