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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.

Inclusive loans to small and micro companies surged 30.5 percent year on year to 14.8 trillion yuan at the end of September, while outstanding loans to private firms rose 5.4 trillion yuan from the beginning of the year, an increase of 1.6 trillion yuan from the same period last year, according to the CBIRC.

Noting the CPC is the vanguard of the Chinese working class, people, and nation, Wang said the 92 million CPC members play an exemplary role in all walks of life.

He said China hopes the Summit will enhance cooperation in upholding multilateralism and improving global governance, putting life first and building a global community of health for all, enhancing macro-economic policy coordination and promoting global economic recovery, and placing development front and center in international cooperation.

He stressed efforts to alleviate developing countries' debt burden, continue to provide them with necessary financing support, as well as boost infrastructure construction and connectivity.