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After the global financial crisis, the G20 has played an important role to bring together world leaders in crisis response.

This year's G20 summit will be held in east China's Hangzhou City in September.

Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, presided over the meeting. He said the supervision is aimed at ensuring that reform will not deviate from the direction that the CPC Central Committee has decided on and reform efforts will not fail.

China's economy held steady in H1, and supply-side structural reform has seen progress, noted the statement.

China is willing to share experience with Laos in fields such as drawing development blueprints, tourism development and agricultural disaster prevention, Li said. He also pointed out that the two countries should strengthen customs and quality control so as to increase convenience of port customs clearance, improve people-to-people exchanges in cultural, media and educational fields, and promote cooperation in defense and law enforcement in order to maintain regional security and stability.