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The outcome of Xi's visit, including about 60 cooperation agreements signed between China and the island countries, has once again proved that the foundation of bilateral cooperation is expanding, Wang said.

Fourthly, Xi urged the G20 to stay committed to win-win cooperation to promote inclusive global development.

BEIJING, Nov. 9 (Xinhua) -- China will make more targeted efforts to boost the financial sector's support for the real economy and tackle financing difficulties for small and micro businesses, the State Council's meeting chaired by Premier Li Keqiang decided on Friday.

Merkel, for her part, hailed the sound development of the Germany-China ties, saying that the two countries have maintained high-level exchanges and seen smooth advancement of communication and cooperation in various fields.

The meeting urged faster extension nationwide of practices proven effective at local levels in facilitating business operations. In particular, efforts in cutting reviewing requirements, simplifying permitting procedures and lowering costs must be intensified. Enterprises will be supported in participating in the policy-making process related to the business environment and channels of communication between business and government will be smoothed to make government policies better targeted and more effective, and foster a business environment that is market-driven, law-based and up to international standards.