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China's GDP has increased by a factor of 56, and the ambassador said "we have lifted more than 700 million people out of poverty, contributing to more than 70 percent of the world's total poverty reduction", underlining China's tremendous achievement in building a community with a shared future for mankind.

China will take market-oriented reform measures to ensure that real interest rates will be meaningfully reduced thereby resolving financing hurdles facing businesses, the State Council's executive meeting chaired by Premier Li Keqiang decided on Friday.

China will establish a nationwide charging system for urban waste disposal by the end of 2020, the National Development and Reform Commission said on Monday.

China's Vice-Minister of Finance Shi Yaobin said at the seminar that China is and will always be the contributor and participant in international economic governance, "and this will never change".

China's AMCs were created in 1999 in order to remove non-performing loans from banks' balance sheets and guard against financial crisis due to bad loans. The national-level AMCs include Cinda, Huarong, Great Wall and China Orient.