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"We support the establishment of branches in each other' s countries by qualified financial institutions from both sides, and multi-sector operation cooperation, as well as strengthened exchanges and cooperation between regulators," the paper said, noting that China welcomes the Arab countries to join the Asian Infrastructure Investment Bank and their active role in it.

The program included classic opera excerpts featuring ancient heroes, folk stories, and modern stories reflecting the life of ordinary Chinese people.

China's "Belt and Road" initiative proposed by President Xi Jinping in 2013, which aims to revive the ancient Silk Road to reconnect China with Southeast Asia, Africa and Europe, is also expected to boost the economic and commercial ties between the Asian republic and the Arab states.

Li also called on both countries to step up coordination in international affairs and jointly safeguard regional stability and world peace.

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