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The BREIP, offering news service and information assurance, has provided a platform of news and economic information for countries and regions to expand cooperation, noted Marat Abulkhatin, first deputy chief editor of TASS Russian News Agency.

"The Russian government will improve related laws, regulations and policies to create a favorable market environment for foreign companies to invest and operate in Russia," he said.

Wang Yong, State Councilor and head of the State Flood Control and Drought Relief Headquarters, attended the meeting.

China will continue to shorten its negative list for market access, push forward the all-round opening up in sectors including modern services, manufacturing, and agriculture, and expedite the formulation of supporting regulations of the Foreign Investment Law, Hu said.

The aforementioned technical measure, however, won't change the nature of its tariff hike from May 10, 2019, according to the statement.