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In this lovely season of early Summer when every living thing is full of energy, I wish to welcome all of you, distinguished guests representing over 100 countries, to attend this important forum on the Belt and Road Initiative held in Beijing. This is indeed a gathering of great minds. In the coming two days, I hope that by engaging in full exchanges of views, we will contribute to pursuing the Belt and Road Initiative, a project of the century, so that it will benefit people across the world.

Recent measures to cut administrative fees and lower the financial burden of companies have supported stable economic growth, but the efforts of some local governments and departments have been lax, noted the statement.

In Zhaojiawa, a hillside village of mud huts, on Wednesday morning, Xi went into a hut and took a seat on the kang, a brick bed heated by fire, once widely used in the countryside but rarely seen nowadays.

The two sides will also sign a joint statement and approve the 2017-2020 implementation outline for the Treaty of Good-Neighborliness and Friendly Cooperation.

China and the EU need to remain committed to the overall direction of economic globalization. In his speech at the World Economic Forum in Davos earlier this year, President Xi Jinping underscored China's commitment to upholding free trade and put forward the proposition of making economic globalization more open, inclusive, balanced and beneficial to all. His message has given a boost to people's confidence in economic globalization.Powered by trade and investment liberalization and facilitation, economic globalization has always been and will continue to be a major driver for sustained global growth. Just as there is no panacea in the world which does not involve any pain, economic globalization is not problem-free. We need to face up to these problems and make efforts to address and alleviate their adverse impacts. In any case, one cannot stop eating for fear of choking, to apply the brakes on economic globalization or try to reverse course is neither advisable nor consistent with the historical trend. The most urgent task now is to uphold free trade, re-energize trade and investment, push the global economy onto the track of steady recovery and spread the benefits of economic globalization to more countries and communities. Both being beneficiaries of free trade, China and the EU should also be its staunch advocates.