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"Let's make Hangzhou a new departure point and steer the giant ship of global economy on a new voyage from the shore of the Qiantang River to the vast ocean," the Chinese president said.

Calling Laos "a close neighbor" of China, Wang said the two countries have always supported each other and enjoyed solid foundation of cooperation and broad prospect of development.

"We should enhance steady growth both in exports and imports to advance the country's industrial upgrading to attract new foreign investment on top of the foreign investment already in the Chinese market," Li said.

Qi Xuchun, vice chairman of the Naitonal Committe of the Chinese People's Political Consultative Conference, made the remarks when meeting with Speaker of the New Zealand House of Representatives David Carter on Wednesday.

Exports in yuan-denominated terms rose 2.9 percent year on year in July, an improvement from June's 1.3-percent increase. However, imports declined in July, suggesting that the foundation of the recovery remains fragile, driven mainly by a slowdown in domestic demand and a cooling property market, according to HSBC.