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Chen Dehai, secretary-general of the Beijing-based intergovernmental organization, said that China and ASEAN have seen fruitful outcomes in their joint building of the Belt and Road. The BRI provides a key platform for the facilitation of trade and investment cooperation.

Central Asia is now forecast to grow 4.6 percent in 2019, up from the previous prediction for expansion of 4.4 percent. The forecast for 2020 is for growth of 4.5 percent.

Chang said that the stock connect is an important effort by China to open its capital market and to expand cross-border investment and financing.

Chang Ka Mun, managing director of Li& Fung Development (China) Ltd and Fung Business Intelligence under the Fung Group, said the trade conflict has pushed Chinese manufacturers to move their production bases to other countries.

Central government-controlled enterprises give full play to their own advantages, ramp up efforts to expand their market share and increase the added value of products, with a goal to further enhance profitability and improve shareholder returns, SASAC said in the statement.