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Meanwhile, it is necessary to be aware that China remains weak in fields such as basic research, indigenous innovation, and some key technologies, he said.

Recalling that he and Merkel both attended the Group of 20 summit days ago, Xi noted that both sides advocate upholding multilateralism, boosting international cooperation, joining forces against the coronavirus disease, reinvigorating the world economy, and jointly tackling global challenges.

Wang said China is ready to make joint efforts with New Zealand to implement the important consensus of the two countries' leaders and continue to uphold the spirit of "striving to be the first" and push for greater development of China-New Zealand relations in the new era.

Noting that the China-Russia Year of Scientific and Technological Innovation has been launched successfully, Wang said that the people-to-people relations between China and Russia have been strengthened continuously and bilateral ties are facing new development opportunities.

BEIJING, Dec. 17 (Xinhua) -- Chinese authorities have urged efforts to extend financial support to major foreign-funded firms to lower their fund-raising costs and help them weather the COVID-19 economic fallout.