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Wang, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and chairman of the National Committee of the Chinese People's Political Consultative Conference, made the remarks Friday while presiding over a bi-weekly consultation session on the popularization of the standard spoken and written Chinese language.

While addressing the opening ceremony, Wang called for broader, close and pragmatic cooperation on the protection of intellectual property rights (IPR) among the Belt and Road countries to promote innovative development.

The Belt and Road Initiative is "possibly one of the most important thing for the future world trade," he said.

U.S. Vice President Mike Pence delivered a speech at a think tank on the evening of Oct. 4, claiming that China interferes in U.S. internal affairs and elections and making accusations against China's domestic and foreign policies.

Second, costs of import and export companies will be cut, and the export rebate policies will be further improved. The frequency of inspections for exports will be lowered, and the coverage of export credit insurance will be expanded.