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Hailing the Lao Sat-1 project as "a significant manifestation of China-Laos comprehensive strategic cooperative partnership under new circumstances", Xi said it ushers in a new paradigm of cooperation between developing countries in the field of astronautics, and will promote economic development, improve the people's livelihood and facilitate social progress in Laos.

Chinese companies like Hainan Airlines, locomotive maker CSR and agribusiness New Hope Group have invested in Turkey in transportation, energy, telecommunications, mining and tourism.

All these efforts will inject strong impetus into China's economic growth while unleashing demand for the world economy, he said.

Forty years ago, Schmidt and Chinese leaders at the time jointly opened the gate of friendly cooperation between China and Germany and made positive contributions to the development of Sino-German relations, Xi said.

Since 2008, the two sides have signed 23 agreements. According to Ma, over 40,000 students have taken advantage of academic exchange programs, and now more than 8 million tourists travel between the two sides each year. Annual trade is now worth over 170 billion U.S. dollars.