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Tiantong-01 was designed by China Academy of Space Technology and its ground service will be operated by China Telecom. It will establish a mobile network with ground facilities, providing services for China, the Middle East, Africa and other areas.

In a speech on Saturday, President Xi Jinping assured global business leaders with a vision that China, having reached a new historical starting point, will integrate itself into a new global growth blueprint.

Significant progress should be achieved in optimizing scale and structure, improving policies and systems, and promoting the integration of military and civilian development, he said.

Liu said the forum is an excellent platform to discuss how to enhance mutually-beneficial and win-win cooperation between China and Europe by seizing a new opportunity brought by the initiative.

Turnbull's Canadian counterpart, Justin Trudeau, said at a Saturday session that "there's a sense the forward march of progress has stalled" and the anxiety has led to "anti-trade, anti-globalization protectionism that is running rampant."