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During a meeting with the U.S. delegation last week, the Chinese president once again highlighted the role of cooperation in resolving the economic and trade differences and frictions, and urged negotiators of the two sides to "make persistent efforts" to reach a mutually beneficial deal.

Chinese have taken an increasingly active part in volunteering in recent years, particularly at major international events such as the 2008 Beijing Olympic Games, the 2010 Shanghai World Expo, the G20 Hangzhou summit in 2016 and the Shanghai Cooperation Organization Qingdao summit in 2018.

"The direction of peaceful development is totally correct," he said. "What the two sides should do is to mitigate differences and enhance their communications."

He added that the institution would also accelerate the pace of innovation, upgrade financing patterns and consolidate risk management mechanism.

In 2018, China celebrated the 40th anniversary of its reform and opening-up, and solemnly declared a firm resolve to carry on this cause without pause in the new era, Wang said.