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"We have high regards of the efforts the DPRK has made towards regional peace and stability," said Li, adding that he hopes the DPRK and the United Sates could implement the outcomes of their summit, work jointly to preserve the general trend of peaceful talks.

This year is of special historic significance for China-DPRK relations, said Li, adding that the three meetings between Xi and Kim had ushered in a new historic stage of the bilateral ties.

The Russian government welcomes Chinese businesses to invest in the country and is willing to continue to offer favorable conditions to strengthen sub-national cooperation between the two countries, he said.

But in recent years, activities in the private sector have become less vibrant due to economic headwinds, higher labor and material costs, entry restrictions and financing difficulties.

Minister of Finance Liu Kun said the fiscal policy should be more forward-looking, flexible and effective to play a bigger role in boosting demand, restructuring the economy and promoting high-quality development.