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China currently has a surplus of the raw material with high holdings at ports amid slow seasonal steel demand, according to the China Iron and Steel Association in an analysis on its website.

China has been the first major economy to record economic growth since the outbreak of the pandemic. The growth of the country's industrial output further accelerated in August and its domestic consumption and services sector also saw a steady rebound as retail sales returned to growth in August for the first time since this year.

China has been Vietnam's largest source of foreign tourists in many years, he said, and the two countries will work to boost people-to-people exchanges and communications through the Chinese president's visit.

China has always firmly supported the Joint Comprehensive Plan of Action (JCPOA) and is devoted to safeguarding peace and stability in the Middle East, said Zhao. "China is willing to work with parties concerned to keep close communication and coordination, and jointly promote the process of political resolution of the Iranian nuclear issue."

China has increased efforts to contain financial risks in recent years. The country handled NPLs worth about 1.4 trillion yuan (7.9 billion) in the first three quarters of this year.