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BEIJING, Dec. 14 (Xinhua) -- Chinese President Xi Jinping said Monday that he is ready to work with Somali President Mohamed Abdullahi Mohamed to enhance bilateral cooperation within the framework of the Belt and Road Initiative (BRI) for the benefit of the people of both countries.

"In the development of the social credit system, it is important to pay attention to protecting personal privacy and trade secrets. Credit reference shall be conducted in accordance with law, with science-based scope and definition and appropriate penalties. Information must be used in a safe and secure manner," Li said.

Faced with a complex and volatile environment internationally and formidable tasks in promoting reform, development and stability at home, especially the severe impact of the COVID-19 epidemic, China has achieved progress that is satisfactory to the people and has attracted global attention, Xi said.

An office official stressed that releasing the security review rules is not a protectionist move or refusal to further open up. Instead, it accords with China's commitment to opening-up on all fronts and aims at strengthening the security mechanism for opening-up.

The country has become the only major economy with positive growth this year, and scored decisive achievements in three key battles, significant progress in sci-tech innovations, key breakthroughs in reform and opening-up as well as improvements in people's livelihood.