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China stands ready to further deepen reforms and expand opening-up so as to work with the international community to build a better world in which each individual can enjoy the freedom from want, an opportunity to develop and be treated with dignity, said Li.

Global governance system reforms, which matter to the whole international community, must be backed by consensus and joint efforts, Xi said.

The central government cares very much about Macao's development and the wellbeing of local compatriots and has formulated a series of policies and measures to support the SAR in developing its economy, improving people's livelihood and strengthening exchanges and cooperation with inland areas, said Li.

China and the United States have agreed to BIT talks on the basis of pre-establishment national treatment (PENT) plus a negative list approach. It is the first time that China has adopted the model in BIT talks with foreign countries, Li said, noting that this showed the importance China attaches to BIT talks.

Standardization represents a country's core industrial competitiveness and overall prowess and China will highlight standardization as part of its reform agenda, Li said while addressing the ongoing 39th International Organization for Standardization (ISO) General Assembly.