A press conference is held ahead of the China-Central Asia Summit in Xi'an, the capital of northwest China's Shaanxi province, on May 16, 2023. (PHOTO / XINHUA)

XI'AN – A China-Central Asia business council will be established to strengthen economic cooperation between the two sides, an official said Tuesday.

The inauguration ceremony of the business council will be held here Friday during the China-Central Asia Summit running from Thursday to Friday, Yang Xiaojun, an official of the China Council for the Promotion of International Trade, told a press conference.

China is willing to support all measures that are conducive to the stability, development and common prosperity of the region, Yu told media at the news briefing

Yu Jun, deputy director-general of the Department of European-Central Asian Affairs, said China-Central Asia cooperation does not target any third party, nor does it intend to compete with other mechanisms.

China is willing to support all measures that are conducive to the stability, development and common prosperity of the region, Yu told media at the news briefing.

Yu added that China stands ready to work with Central Asian countries to continue strengthening the China-Central Asia mechanism.

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The event is expected to gather more than 400 representatives from industry associations and businesses, covering major cooperation areas including energy, construction, logistics, food, information and communications.