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"China's exports saw challenges with the rise of trade protectionism," Ren added. "The economy also felt the pinch from a tightening of liquidity conditions during financial deleveraging. While this has reduced credit risk, it has also increased financing difficulties for private enterprises."

"Continuing uncertainties in the trade and investment environment have dampened the growth outlook across the world, with a likely impact on businesses and jobs, adding to the urgency and imperative of concluding the RCEP (Regional Comprehensive Economic Partnership)," the ministers said.

"China's strategy of opening-up to our industry and opening-up to innovation will benefit Chinese patients and also enable companies like us to keep investing in China."

"China's principle of adhering to mutual respect and treating each other as equals is the fundamental principle to continuously deepen the cooperative relationship between China and ASEAN," he told Xinhua.

"Chinese companies need to continuously explore effective methods to reorient industrial activity toward cleaner processes, by saving energy and reducing costs," said Guan.