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China is calling on all parties to firmly support the multilateral trading system, resolutely oppose unilateralism and protectionism, help with necessary WTO reform and safeguard the core values of the international organization, Zhong said.

China is committed to improving its capacity in Arctic expedition and research, strengthening the construction, maintenance and functions of research stations, vessels and other supporting platforms in the Arctic, and promoting the building of icebreakers for scientific purposes, it added.

China is investing to improve its infrastructure and reducing taxes and administrative costs for private companies. The plethora of measures employed this year to improve credit conditions are also having an impact. While leading economic indicators still point to weaker growth, there has been some stabilization in hard data such as car sales and freight activity.

China hopes the US can stop accusing others in order to shirk its own responsibilities and reach agreement with the Chinese side over relevant issues as soon as possible to facilitate the holding of the meetings, Liu said.

China is also planning to raise the budgeted deficit ratio, a proportion of fiscal deficits to the GDP, and issue special sovereign debt, the first time since 2007. Local governments will also issue more special bonds compared with the amount raised last year, to increase spending mainly in infrastructure, the top-level policy meeting said.