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"China's trade has consolidated its upward trend this year as the country's efforts to optimize its industrial and trade structure have gradually paid off," he said.

"Currently, China is shifting its focus of opening-up from trade in goods to trade in services. During the first seven months of this year, China's trade in services stabilized, trade deficit decreased and knowledge-intensive industries grew despite the challenges brought by COVID-19.Services trade has become a new bright spot in the development of international trade," he said.

"China will develop a stronger multi-layered capital market, which includes large stock exchanges, regional equity markets, private funds and venture capital funds, to better support the development of innovative enterprises," he said while highlighting the importance of daring innovation in the banking, insurance and securities sectors.

"Contrary to the claims made by some academics and media outlets that the Indo-Pacific Strategy aims to contain China, the four countries official position is that it targets no one," Wang said. "I hope they mean what they say and their action will match their rhetoric."

"China's service trade has entered a new level, becoming a fresh driving force for the high-quality development of foreign trade and a new engine for promoting higher-level opening-up," Li said.