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Chinese bonds market is one uniquely defensive market and Chinese currency RMB would move to the reserve currency status, creating an RMB bloc in Asian and Pacific region, according to the report.

Xi congratulated Tokayev on his election as Kazakh president and applauded his contribution to the development of bilateral relations.

Spokesperson Lu Kang made the remarks at a press briefing when asked to comment on the U.S. side's recent remarks that the two countries had an agreement but China broke it.

He urged the two sides to deepen the strategic cooperative relationship, guard the common interests of China and Turkey as well as developing countries at large and jointly forge a new type of international relations featuring mutual respect, fairness and justice, and win-win cooperation.

The scholar also stressed the need to rule out actions and policies that bear the notion of protectionism, saying it "will restrain international trade in favor of protecting local businesses and jobs from foreign competition."