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Laos welcomes investment from Chinese enterprises in the country and will create favorable environment for them, he said.

BEIJING, May 5 (Xinhua) -- China said on Thursday the door for dialogue with the Philippines on the South China Sea is always open, refuting the country's argument that bilateral dialogue has come to an end.

"We need to optimize the business environment for both foreign and private investors to unleash market vitality and improve our overall competence," Li said, adding that China's employment could also be affected.

"As the world's second largest economy and the top trading nation, China has been a growth engine and a stabilizer since the outbreak of the international financial crisis," said Shi.

China and Arab countries will also exchange views on international and regional issues of common concern at the meeting, Wang said.