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Li and the leaders of other member states signed a joint communique and approved a series of agreements and resolutions on SCO cooperation in trade and other areas.

BEIJING, Nov. 26 (Xinhua) -- China will adopt policy steps to optimize the mechanism for deterring acts of bad faith and refine the social credit system to underpin the development of the socialist market economy, the State Council's executive meeting chaired by Premier Li Keqiang decided on Wednesday.

In the face of various complicated and serious challenges, humanity needs more than ever to strengthen cooperation to overcome difficulties, he noted.

More efforts are needed to consolidate and proliferate the gains made in epidemic control as well as economic and social development, and better coordinate development and security, the statement said.

China is and will always be a builder of world peace, contributor to global development and guardian of international order. "China's development is an opportunity, not a threat, as it will add to the world's strength for peace," he said.