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The Chinese economy is moving steadily in the right direction. This trend will not change. In our vigorous efforts to promote structural reform and adjustment, we are working to foster twin engines of growth, i.e. promoting mass entrepreneurship and innovation and increasing public goods and services. We will unlock the dynamism of market players and creativity of the society by taking new approaches to streamline administration and delegate power, strengthening regulation and improving government services. The Chinese economy has great resilience, huge potential and ample room for readjustment. The upgrading of consumption of over 1.3 billion Chinese people will generate the largest market demand the world has ever seen. Parallel progress in the new type of industrialization, IT application, urbanization and agricultural modernization will further expand the space of development.

LaoSat-1 is a result of Laos-China friendship as well as their pragmatic and mutually beneficial cooperation, and will definitely bring about substantial interests to the peoples of the two countries, Choummaly said.

The visit would promote exchange and cooperation in agriculture, manufacturing, financing, education, culture, tourism and justice, bringing more tangible benefits to the two peoples, he added.

The mayors made the remarks while meeting with their Chinese counterparts in Johannesburg at the 3rd China-Africa Mayors Dialogue.

As the primary platform for global economic coordination and cooperation, G20 leaders are scheduled to focus on means to achieve an inclusive, strong and balanced growth for the world economy and cope with the migration crisis and the scourge of terrorism.