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Xi Jinping, general secretary of the Communist Party of China Central Committee, will attend the event and deliver an important speech, an official said at a press conference on Tuesday.

The China-proposed "Belt and Road Initiative" on trade and infrastructure networks have been welcomed across Asia and Europe, according to Zhang. Its success is in the interests of all the sides involved, he said.

BEIJING, July 3 (Xinhua) -- Chinese Premier Li Keqiang's just-concluded visit to Europe has set a new stage for China-Europe cooperation, with strengthened commitment to a wide range of areas including development strategies, climate change, exploration of third-party markets and cooperation in traditional areas.

While negotiations on the investment treaty will not be easy, experts are optimistic that the U.S. and China could finish the BIT talks under Obama administration. "There is more room for agreement than people realized," Posen said. "I certainly think ( it's) doable before President Obama leaves office."

During his three-day official visit to Finland, which came upon the 65th anniversary of the establishment of diplomatic relations between China and Finland, Chang also held talks with Finnish Defense Minister Jussi Niinisto.