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China itself has been a long-time beneficiary of this trend since it opened up to the world in the late 1970s, which backed its decades of exponential growth and turned the country into a firm believer in the open economy.

China issued rules in early December 2018 for commercial banks' wealth management branches to strengthen their risk management and support the real economy.

China reiterated on Tuesday its pledge to open its markets wider to foreign competition as the nation continues its role as a defender of free trade and cooperation in contrast to growing protectionism and unilateralism in the United States, manifested by the Trump administration's notorious "America First" approach.

China supports the national reconciliation process of Afghanistan and will help the nation achieve stability and development at an early date, he added.

China said Tuesday it will launch a number of landmark measures this year to significantly broaden market access.