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China takes an open attitude towards the participation of telecommunications companies in all countries, including European companies such as Nokia and Ericsson, regarding 5G cooperation in the Chinese market, Foreign Ministry spokesman Wang Wenbin said on Tuesday, adding that the above-mentioned companies have already won bids on some Chinese projects.

China spent 120.9 billion yuan ( billion) in basic scientific research last year, a 10.9 percent year-on-year increase, he said, adding scientific spending by local governments and companies is on the rise.

China is willing to work with the international community on the UN 2030 Agenda for Sustainable Development and the Paris Agreement on climate change, Zhang said in a speech delivered at the opening of the Eighth Clean Energy Ministerial and the Second Mission Innovation Ministerial in Beijing.

China stands ready to work with Azerbaijan to deepen political mutual trust and advance the mutually beneficial cooperation to benefit the two peoples, Vice-Foreign Minister Zhang Hanhui said on Tuesday.

China put forward the idea of "cutting overcapacity, destocking, deleveraging, reducing corporate costs and shoring up weak spots in the economy" in late 2015 to push forward its supply-side structural reform. In the latest development, President Xi Jinping said at the National Financial Work Conference, which ended on Saturday, that the country will further carry out "economic deleveraging" to contain financial risks.