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A mix of effective tools, including fiscal, monetary and structural ones, must be implemented to buffer against short-term risks and unleash medium- to long-term potential, Xi said.

Batsaikhan expressed satisfaction with the smooth development of bilateral relations and the continuous progress made in practical military cooperation between the two countries. He said he expected more communication and contacts between the two militaries.

Merkel, for her part, said her frequent meetings with Li testified to the intimacy in the Germany-China ties. And Germany is willing to keep contact with China over the latest development in Europe.

Nearly 200 countries clinched the Paris Agreement last year in Paris, agreed to jointly limit global temperature rising well below 2 degrees Celsius above pre-industrial levels, while pursuing efforts to keep global warming under 1.5 degree Celsius.

On the supply side, it is important to remove existing obstacles to international trade in some countries, she said. "It is important to facilitate exchanges, reduce trade costs and to improve logistic infrastructure. It is also very important to reduce protectionism," Amighini added.