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"The Belt and Road Initiative, proposed by Chinese President Xi Jinping and advocated by the Chinese government, is a major move for China's opening-up on all fronts, fits in line with the theme of peace and development, and accords with the internal need of all countries to accelerate development. It will present more development opportunities to the world and open up more space for coordinated development of China and CEECs," Liu said.

Xi said the Party should lead SOEs in political, ideological and organizational aspects and Party organizations in SOEs should take charge of the direction and general aspects of SOEs' development and the implementation of policies.

Liu is an excellent representative of CPC members who have fought for the country's revolution, construction and reform drive, Xi said.

Some 24,500 enterprises are present at the ongoing 120th fair, which will conclude on Nov. 4.

"With some Western countries attempting to promote their unilateral approaches, this position becomes even more important," he stressed.