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Alvarez said the Philippines backs the Belt and Road Initiative proposed by China, believing it will contribute to Asia's development and prosperity.

BEIJING, June 11 (Xinhua) -- Expanded economic cooperation among members of the Shanghai Cooperation Organization (SCO) will benefit the region, according to remarks made at the organization's yearly summit.

-- China will put in place the following mechanisms to boost Belt and Road cooperation: a liaison office for the Forum's follow-up activities, the Research Center for the Belt and Road Financial and Economic Development, the Facilitating Center for Building the Belt and Road, the Multilateral Development Financial Cooperation Center in cooperation with multilateral development banks, and an IMF-China Capacity Building Center. We will also develop a network for cooperation among the NGOs in countries along the Belt and Road as well as new people-to-people exchange platforms such as a Belt and Road news alliance and a music education alliance.

"China is a country vast in size with diversified demands, still industrializing and urbanizing. There are a lot of resources and capacities that could be better used," Li said.

The mainland will continue to make it easier for Taiwan compatriots to study, work, start businesses and live on the mainland, said Xi, promising concrete measures to protect their rights and interests.