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Wang said more work should be done to nurture a new-type of farmers who are more knowledgable, skilled and innovative, and grow a new type of rural businesses.

China, as a friendly neighbor both to Myanmar and Bangladesh, has been actively engaging with both countries to influence them positively and encourage them to address the issue through dialogue and consultation, he said.

According to Wang, China will also conduct cooperation in such key areas as public health, telemedicine, and disaster health response, among others under the ASEAN+3 mechanism.

Xi's comment came while meeting with an advisory board of Tsinghua University school of economics and management, at the Great Hall of the People in Beijing.

Singh suggested that BRICS still very much remains a good alternative to existing institutions as it offers a new model of financial governance and is even helping transform conventional Bretton Woods financial institutions. He said the NDB and Contingency Reserve Arrangement are proof of what BRICS can and is doing with their rapid decision-making, financial support in local currencies, and no-strings attached policy.