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Although ailing global demand has substantially dragged down China's foreign trade, the government-pushed exports of advanced industrial production capacity and cooperation with countries along the Belt and Road will open new frontier of overseas-driven growth.

The election was held after Eric Chu resigned from the post to take responsibility for the defeat in the island's leadership election to Tsai Ing-wen of the Democratic Progressive Party on Jan. 16.

It is illogical to say that the stock plunges across the globe stemmed from China, which closed trading for a week to celebrate the Chinese Lunar New Year and did not unveil any data or implement any new policies.

"A prosperous China benefits the world. As the host of the 2016 G20 (Group of 20) summit, China is ready to work with the rest of the world to pool wisdom, advance international economic cooperation and improve global economic governance to achieve a strong, sustainable and balanced growth," Cui said.

It has been 15 years since the Boao Forum for Asia came into being. These 15 years have witnessed Asia's remarkable development achievements, which is in fact the best and fastest growing period in Asia's history. As the saying goes, "small things add up to become something really big." As long as we work together to foster new dynamics for our economies, we will surely open up a new vision for regional development and embrace a more invigorated new future for Asia.