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As for punitive measures, he said: "I generally do not think that barriers between countries are good things. I think, in the vast majority of cases, various regulations decrease the size of the global economy and make everybody in the world poorer."

As a number of economies are confronting issues like growth slowdown and seeking new opportunities to grow in the aftermath of COVID-19, Cong stressed the BRI will continue to make Chinese and partner economies more competitive, narrowing development gaps between landlocked countries and coastal regions.

As a result, China has been speeding up expansion of its much-needed underground gas storage facilities in recent years. It has issued several policies since 2017 focusing on storage buildup and the related pricing mechanisms. The 13th Five-Year Plan on Natural Gas Development set a target for underground storage working capacity to reach 14.8 billion cubic meters by 2020 from the current capacity of around 10 billion cubic meters.

As an essential factor of the initiative, China intends to carry forward the exchanges with mutual understanding and respect.

As a result, Palestinians disqualified the United States from being the sole sponsor of the peace negotiations with Israel and called for a multilateral peace mechanism.