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ZURICH, Switzerland, May 24 (Xinhua) -- Media reports claiming that China's State Council has rejected a 40-trillion yuan (about 6.5 trillion U.S. dollars) urbanization plan are untrue, the chief of China's top planning agency said Friday.

The leaders vowed to reform international financial system to make them more representative and to reflect the "growing weight" of the BRICS and other developing nations, adding that the leadership selection of international financial institutions should be open, transparent and merit-based.

"This dialogue is not only held at an important time, but also has far-reaching implications on the bilateral relations," the veteran Chinese diplomat said, adding it provides the opportunity for the two sides to turn the political will of building a new type of major-country relationship into policies and actions.

Zhang said that Washington should dump its practice of seeking "absolute safety"for itself while potentially damaging the interests of other nations in the process.

Xi mourned for Chinese citizens who lost their lives in the plane crash and expressed his condolences to their families as well survivors of the crash, said a release from the Chinese Foreign Ministry.