The meeting approved three new members, Argentina, Madagascar and Tonga, to join the bank, and decided that the third annual meeting to be held in Mumbai, India in June 2018.
The ministry also strives to encourage volunteers' commitment in poverty reduction efforts by way of strengthening guidance, training, publicity of role models and information services, he said.
The mechanism would include tax benefits, which were already been implemented, and many others in pipeline.
The measures introduced to tackle debt problems have started to bear fruit as seen in the recent economic data, Li said.
The ministry attributed the strong growth to the country's improving economy, rising industrial prices, effective supply-side structural reforms, and other supportive policies.
The ministers also raised an alert against attempts to use unilateral sanctions to pressure sovereign states politically and economically, according to a joint news release issued after the meeting.
北京搜索排名优化
The ministry will steadfastly implement foreign trade policies to benefit market entities as soon as possible, he said, adding that more measures will be taken to promote the export of daily necessities, increase imports and encourage export companies to tap the domestic market.
The ministry launched investigations into the product in June 2017 after receiving complaints from domestic companies.
The measures were laid out in a guideline issued by the General Office of the State Council, China's Cabinet, on Nov 9 in a bid to promote the high quality and innovative development of the foreign trade sector.
The meeting was held after Xi and Trump had a phone conversation on Nov 1, in which they agreed to meet at the upcoming summit.