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China is willing to work with the European side to advocate multilateralism and send more messages that are clear, predictable and confidence-boosting, for the development of international situation that is stable and conducive to all, Xi said.

China supports Saudi Arabia's efforts to safeguard stability and security and is willing to implement a list of major cooperative projects in industrial capacity and investment under the framework of the Belt and Road Initiative, he said.

China should continue to reduce excess capacity, curb credit, lower debt leverage in the corporate sector and reform state-owned enterprises, said Sudhir Shetty, chief economist of the World Bank's East Asia and Pacific Region.

China is way beyond the point that its economic model should be based on low-wage manufacturing of low value-added consumer goods for export. Its institutions, infrastructure, and technology are now near world-class and are improving rapidly. Plus, wages rose rapidly over the last decade, so Chinese consumers have the wherewithal to support the country's industry.

China urged relevant countries to cherish the hard-won results, properly handle this issue through dialogue, and "think twice before exiting", she said.