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While boosting domestic consumption would be a significant factor for the Chinese government over the next five years, the country will remain open to the world as part of the "dual circulation" development paradigm, said Zhu Min, chairman of the National Institute of Financial Research at Tsinghua University, at a forum.

Since the beginning of this year, the two countries, faced with the COVID-19 pandemic, have joined hands to fight the coronavirus and tackle challenges, which has demonstrated the profound friendship between the people of the two countries that features solidarity and mutual support, Xi said.

Chheang Vannarith, president of the Phnom Penh-based Asian Vision Institute, said the annual ASEAN-China Expo is one of the key features of ASEAN-China partnership and deepening ASEAN-China economic cooperation contributes to regional economic recovery and the enhancement of an open, inclusive and rules-based multilateral system.

"History teaches us that multilateralism, equity and justice can keep war and conflict at bay, while unilateralism and power politics will inflate dispute and confrontation," Xi said.

Russia, he said, is satisfied with the two countries' cooperation in the fight against the pandemic, adding that it is hoped that the two sides will continue strengthening strategic coordination, and jointly hold the celebration activities of the 20th anniversary of the signing of the China-Russia Treaty of Good-neighborliness and Friendly Cooperation next year, so as to jointly open up the future of bilateral relations.