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China will adopt various measures including mergers, acquisitions and restructuring to lower the risks of some high-risk financial institutions and even allow some of them to experiment with bankruptcy, said a senior official of the country's banking and insurance regulator.

China is willing to present a feasible and detailed plan about the "dual-track approach" and "suspension for suspension" and is open to all helpful advice, Wang said.

China supports enhanced coordination between Afghanistan and Pakistan on major energy and connectivity projects, said the statement.

China was ZF's third-largest market in 2019 after the United States and Germany, with sales revenue reaching 5.8 billion euros.

China registered surplus in both the current account and the capital account in 2018, and the renminbi exchange rate played a more important role in balancing international payments, said Pan.