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Highlighting the three major fields the LMC covers, namely politics, economy and sustainable development, and society and culture, Wang said the mechanism will promote the alignment with the ASEAN Community and enhance the overall cooperation in the region.

We shall be good partners for common development. Development is what matters. China is implementing its 13th Five-Year Plan while Ecuador is advancing its National Development Plan (2013-2017). We need to seek complementarity between our respective development strategies and between our industrial chains, and deepen and upgrade practical cooperation in wider areas. China will carry out production capacity cooperation with Ecuador, increase technology transfer, and help Ecuador build greater capacity of independent development.

Li said, as the two pillars of the global economy, China-EU cooperation has a solid foundation and great potential to bring out the best in each other.

People living in some impoverished regions will be relocated elsewhere in an orderly manner, and the government will help them find employment in new places and ensure other necessary public services.

Under such circumstances, Xi's call for supporting a multilateral trade system and an earlier establishment of the Free Trade Area of the Asia-Pacific is of special importance, said Lee.