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China's position on the Security Council's involvement in the Venezuela issue has been consistent and clear, he said. "Our point of departure has always been to uphold the spirit of the UN Charter and the basic norms governing international relations, promote a peaceful settlement of the Venezuela issue and maintain long-term peace and development in Latin America."

Geng said China always believes that mutual respect, equality and mutual benefit are the premise and basis for reaching an agreement, and that adding tariffs will not solve any problems.

China, he added, is also ready to step up communication and build consensus with the EU on such issues as advancing the reform of the World Trade Organization (WTO) to fully accommodate the interests and concerns of all parties and better safeguard the interests of the majority of WTO members.

The Belt and Road Initiative, proposed by Xi in 2013, aims at enhancing all-around connectivity through infrastructure construction, exploring new driving force for the world economic growth, and building a new platform for world economic cooperation, according to Wang.

Monetary policies should not be too loose or too tight, and should be pre-tuned and fine-tuned in a timely manner in accordance with economic growth and consumer price changes, so as to increase financial support for real economy.