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China is the biggest e-commerce market in the world, with its consumers spending 7.18 trillion yuan (.1 trillion) online last year — 32 percent more than 2016, according to data released by the National Bureau of Statistics.

China increased its imports from South Asian countries by 30.7 percent last year, he said, and its trade volume with South Asia grew from .3 billion in 2013 to 6.8 billion in 2017.

China is actively taking steps to spur lending to micro, small and medium-sized enterprises secured by their credit records, in a move to lift the economy amid mounting growth downside pressure.

China is ready to work with Saudi Arabia to jointly explore a governance path in the Middle East featuring the moves of "promoting peace through development" and to work toward a solid foundation for peace and stability in the region through jointly building the Belt and Road and strengthening regional development cooperation, said Xi.

China is expected to release details of a special issuance of central government bonds during the upcoming annual session of the country's top legislature. The bonds are mainly for infrastructure investment and projects related to containing the novel coronavirus, according to policy advisers.