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"The issue of lack of affordable financing for small and micro businesses must be taken seriously," Li said. "The mentality that big banks can only serve big businesses must be rejected. Financial services for small businesses and individuals must be improved."

The practice of inspections by randomly selected inspectors against randomly selected entities and prompt release of inspection results will be fully implemented to make market regulation fairer and more efficient. These above measures will all contribute to the building of the social credit system.

O'Neill said relations between Papua New Guinea and China have continued a strong momentum of development since the two countries established diplomatic ties, and the governments of the two countries, the two peoples have maintained friendly ties.

China is now considering inviting representatives from EU and its members to take part in the next 16+1 summit, said Wang.

Boeing predicted that China will need 7,240 new aircraft over the next 20 years, valued at nearly 1.1 trillion U.S. dollars.