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While addressing the East Asian Summit on Thursday, Chinese Premier Li Keqiang described the East Asia region as a land "far from conflicts and a bonanza for trade and investment," adding that such a desirable situation is hard-earned and should be treasured by all countries.

For the first six months, China's private investment grew by 2.8 percent, triggering concerns from the central government. The government conducted a nationwide review on the reasons behind such a decline. It was found that the most common reason is that small and micro businesses face increasing difficulties in financing, while financing costs are also a major issue.

This year marks the 55th anniversary of bilateral relations. Li said that China and Laos enjoy a high degree of political mutual trust, comprehensive economic cooperation and extensive people-to-people exchanges, which benefit people from two sides and helps maintain regional peace, stability and development.

He also urged CPC members in the flood-hit regions to take the lead in disaster rescue and relief.

The State Council Taiwan Affairs Office has launched emergency response measures, said office spokesperson Ma Xiaoguang.