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"This development follows the establishment in 2017 of the so-called Bond Connect, which allows foreigners to enter the Chinese bond market, as well as the authorities' recent commitments to further develop and open the market," Rhee said in his opening remarks at the event.

Wang made the remarks when meeting with visiting Iranian Foreign Minister Mohammad Javad Zarif.

For a developing economy as big as China, it is not easy to fix problems overnight. The world will find it worth waiting for the real changes to come.

Important consensus has also been reached on government procurement, the zoning principle of bilateral trade in agri-food products, cooperation in climate change and clean energy, implementation of the Paris Agreement, among others.

Putin also noted that he and Xi exchanged views on major international and regional issues and further cemented strategic and political mutual trust between the two countries during the April meeting.