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Wang spoke of Xi's in-depth elaboration on China's new development paradigm of "dual circulation," where the domestic and overseas markets reinforce each other, with the domestic market as the mainstay.

Third, Wang said the two countries should expand mutually beneficial cooperation. He suggested cooperation in COVID-19 pandemic responses, economic recovery, including the resumption of macro-economic policy dialogue and coordination, and responses to climate change.

The economic planner pledged efforts to increase the power supply in these areas to ensure people's lives will not be affected.

In the past few years, the government has further delegated powers, streamlined administration and improved services. As a result, market barriers have been further eliminated, market entities' vitality has been stimulated, and market competition has become fairer.

Senior officials including Han Zheng, Hu Chunhua, Liu He, Wang Yong, Xiao Jie and Zhao Kezhi attended the meeting.