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Hu made the remarks here at the opening ceremony of the World Economic Forum (WEF) on ASEAN 2018 themed "ASEAN 4.0: Entrepreneurship and the Fourth Industrial Revolution."

Noting that Xi's speech at the opening ceremony of the summit is one of the greatest speeches on international cooperation in the 21st century, Majaliwa said the cooperation concept and the eight major initiatives proposed by China are fully compatible with Africa's needs for development.

The boom of new growth drivers and upgrading of the industrial structure in China will cultivate new areas of technological cooperation, and Chinese people's pursuit of a better life with higher household spending promises a new market for quality Dutch products, he said.

The two countries also exchanged views on third-market cooperation and agreed to maintain regular communication and share experiences on fiscal management and reform of fiscal and tax systems.

Wang forecasted that under the combined effects of domestic and foreign factors, China's forex reserves is expected to maintain its stability amid fluctuations.