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Second, financial institutions are encouraged to provide more financial and credit support to enterprises with substantial business profit, and export credit insurance will cover a wider range.

Li said Saturday before he returned to China that the South China Sea arbitration award will have no impact on China's territorial sovereignty and maritime interests.

For their part, the ASEAN leaders appreciate what China has done to promote the COC talks. They also insist on solving the differences over the South China Sea through dialogues so as not to allow these spats overshadow the relations between the two sides.

On China's role in G20, Boleat said China is the second biggest economy in the world, and as such "it plays a very vital role in the global economy."

Liu, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks while visiting the 23rd Beijing International Book Fair.