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China Merchants Bank has provided a 341 billion yuan fund for 1,186 clients involved in the initiative, which includes cross-border renminbi loans, bilateral bonds and equity investments.

China and other SCO members border two major global drug sources — the Golden Triangle, which straddles Laos, Myanmar and Thailand; and the Golden Crescent, which consists of parts of Central and South Asia.

China and Russia have been increasing their economic relations amid the current China-US trade tensions.

China and New Zealand announced that they have officially finished the consultations on upgrading their free trade agreement, the ministry said in a brief statement.

China and the US are respectively the largest developing country and the largest developed one as well as two leading economies of the world, Xi said, stressing both sides need to and can cooperate on the bilateral, regional and global levels.