China reiterates it greatly values Europe ties

Noting that China and Europe can complement each other's strengths and achieve mutual benefit in many areas through cooperation, Lou said economic and trade cooperation between both sides has not only boosted their own growth, but also contributed to the stability of global supply chains and the world economy.

China-Europe relations are not targeted at any third party, nor are they subjugated or controlled by any third party, Lou emphasized, calling on both sides to hold confidence and composure when developing the ties and provide more stability and certainty for the world.

China reaffirms commitment to South-South cooperation

The development of the Global South remains a priority for cooperation under the Global Development Initiative, Lou said, adding that China has provided development assistance to over 160 countries and cooperated with more than 150 countries and 30 international organizations under the Belt and Road Initiative.