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China's top market regulatory body and other authorities have issued a notice ordering related institutions to further clear unreasonable charges for enterprises, the latest move to guarantee that tax and fee cuts are fully put into place.

China, which holds the first rotating presidency after the expansion, will work with other countries to promote the Belt and Road construction, and reach new consensus on the alignment of development strategies, connectivity, industrial capacity cooperation and cultural exchanges, he said.

Chinese President Xi Jinping, also general secretary of the Communist Party of China (CPC) Central Committee, on Sunday called on the Party committees and governments at all levels to continue to make unremitting efforts in various prevention and control work and help resume work and production in an orderly manner.

Chinada's global CEO Jee Sungeun. YANG HAN/CHINA DAILY

Chinese Foreign Minister Wang Yi said in Beijing on Wednesday that history showed that trade wars were not the correct way to resolve problems. "Especially given today's globalization, choosing a trade war is a mistaken prescription. The outcome will only be harmful," he said.