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China will actively implement the future work plan for the upgraded protocol of the China-ASEAN free trade area, explore the realization of a higher level of market access based on the RCEP pact, and create a more mutually beneficial, open and inclusive bilateral economic and trade relationship, he said.

China is willing to deepen practical cooperation, enhance interaction and exchanges under multilateral frameworks, and push Sino-German military relation to new heights, Wei said.

China plans to cut ineffective iron and steel capacity by 30 million tons in 2018, according to a government work report released earlier this year.

China takes seriously the debt concerns of African countries and will earnestly act on the G20 Debt Service Suspension Initiative, through friendly consultation as equals, and expedite support for the African countries worst hit by COVID-19.

China stands ready to intensify cooperation with various countries on trade in services and investment, enhance liberalization and facilitation of trade and investment, and push for economic globalization to develop in an open, inclusive, mutually beneficial, balanced and win-win manner, Xi said.