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The academic believes that to boost growth, countries should enact measures on the demand and supply side both.

China is willing to work with Hungary to accelerate the Hungary-Serbia railway project under the Belt and Road Initiative, Wang said.

Liaoning Overseas Travel Service Company is licensed to organize tours in Taiwan, said an official with the provincial tourism bureau.

Thousands of other smaller online shopping businesses are clustered in the city. Two years ago there were 470,000 e-commerce businesses there, one seventh of China's total. Last year, China's online retailers made sales of 588 billion dollars, with 115 billion dollars reported in Zhejiang. In Hangzhou alone, cross-border e-commerce rocketed from less than 20 million dollars in 2014 to 3.5 billion dollars in 2015.

Despite notable improvements to China's disaster relief system, there is still room for improvement, Xi said.