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7. To create beneficial opportunities for development of trade and investment cooperation Heads of Governments have supported expansion of cooperation in the sphere of macroeconomic and financial policy of the member states. They believe that it is important to fully tap the potential of interbank cooperation, utilize existing and emerging financial mechanisms in the SCO space.

China's economy expanded 6.9 percent in the first three quarters. To combat the slowdown, the central bank has cut benchmark interest rates six times since November last year and lowered banks' reserve requirement ratio several times.

A year earlier, South Korea opened the direct transaction market between its currency and the Chinese yuan, and the two sides agreed to open such trading market in China next year.

Xi, also general secretary of the Communist Party of China Central Committee and chairman of the CMC, made the remarks on Monday when meeting with the new heads of the 15 organs, including a joint staff department, a discipline inspection commission and an audit office. Full story

Ju Mengjun, President of Xinhua News Agency Asia-Pacific Regional Bureau, said that the Belt and Road initiative has been widely welcomed and supported by people from countries along the routes for its conjunction with the people's willingness to build a better life.