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"The world today is going through major development, transformation and change. While economic globalization surges forward, global growth is shadowed by protectionism and unilateralism," said the Chinese president.

"To foster a more enabling business environment, the primary task is to widen market access, and secondly to properly exercise supervision and oversight," Li said, " The government should leave no regulatory gaps and conduct even-handed oversight, abolish any arbitrary practices in fee collection or inspection, avoid unwarranted interference in business operations and continuously narrow the gap with world-class business environments."

He said China is ready to maintain close cooperation with the German side to make contributions to promoting world peace and stability.

At the APEC Economic Leaders' Meeting, Xi recalled China's achievements over the past 40 years since its reform and opening-up, emphasized the country's resolve to deepen its reform and promote investment and business environment, and again demonstrated China's firm willingness to create developing opportunities and share prosperity with other countries, Wang said.

China reiterated its firm support to the Philippine government's efforts in fighting against illicit drugs and drug-related crimes, and expressed willingness to strengthen cooperation in areas including combating the smuggling of illegal drugs and their precursor chemicals, intelligence sharing, joint investigation and operation as well as drug rehabilitation, according to the statement.