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China is likely to announce a slew of reform measures to facilitate the development of private enterprises at the upcoming annual session of the top legislature, experts and business leaders said on Tuesday.

China is ready to work with Russia to boost mutual connections, deepen cooperation, jointly plan the development of bilateral relations in the next stage and lead relations into a new era, President Xi Jinping said.

China has welcomed the move, applauding all efforts to reduce tensions and create a more peaceful atmosphere on the peninsula, which could pave the way for future diplomatic talks on the nuclear issue on the Korean Peninsula.

China is already the single largest market by sales for Daimler and its German rival Volkswagen. Figures released on Friday by the Federal Statistical Office showed cars were the most valuable German exports in 2017, underscoring the growing importance of German-Chinese trade for overall economic growth.

China has reiterated that its door is always open, but negotiations must be meaningful and conducted with sincerity, Lu said at a news briefing.