Regarding the reform of the world trade system, Li pointed out that, under the current situation, the foundation of the multilateral trade rules has been shaken by rising protectionism.

"The multilateral trading system and its rules, with the World Trade Organization (WTO) at its core, have been established through joint consultation based on the goal of maintaining free trade. Although reform is necessary and needed in the WTO, it doesn't mean creating a new system.

"The goal of trade liberalization shall not change. We need to accommodate the interests of developing countries, especially those of the least developed countries. We should discuss and deal with issues together so that everyone can benefit," Li said.

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