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Stressing that freedom of navigation in the South China Sea is out of question, Li said countries within the region have the ability and wisdom to finish the COC talks and safeguard peace and stability in the South China Sea.

For his part, Mitsotakis said that China is a great ancient civilization and plays a decisive role in promoting world peace and development.

Also participating in the negotiation were Chinese Minister of Commerce Zhong Shan, Governor of the People's Bank of China Yi Gang, Vice Chairman of the National Development and Reform Commission Ning Jizhe, Deputy Director of the Office of the Central Commission for Financial and Economic Affairs and Vice Finance Minister Liao Min, Vice Foreign Minister Zheng Zeguang, Vice Minister of Industry and Information Technology Wang Zhijun, Deputy Director of the Office of the Central Agricultural Work Leading Group and Vice Minister of Agriculture and Rural Affairs Han Jun, and Vice Minister of Commerce and Deputy China International Trade Representative Wang Shouwen.

Major steps have been taken in reform and opening-up with deepened supply-side structural reform, and breakthroughs have been made in scientific and technological innovation, the meeting noted.

The meeting also demanded innovation in high-quality energy development.