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Li also ordered government departments to improve policies, seek new ways of supervision and enhance support for cross-border e-commerce, saying that it can allow more companies to participate directly in international trade and promote domestic manufacturing upgrading and brand growth.

"The production and sales of new energy vehicles (NEVs) will continue its relatively fast growth," Li said.

The bilateral trade between China and Israel reached about 14 billion U.S. dollars in 2018, according to the figures from the Chinese Embassy in Israel.

Consultation, however, needs to be based on mutual respect, equality and mutual benefit, said the spokesperson. A consultation will lead nowhere if one side attempts to achieve a result solely beneficiary to itself by coercing the other to compromise.

The signing also demonstrated their resolve to deepen mutually beneficial cooperation for common interests under current circumstances, he said.