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The three countries also agreed to strengthen cooperation in areas including sports, cultural and arts education, and co-production and copyright protection.

He lauded the successful launch of a Lao communication satellite with a Chinese carrier rocket on Nov. 21 at the Xichang Satellite Launch Center in southwest China's Sichuan Province, as well as the formal start of the construction of the China-Laos railway on Wednesday, saying they are the manifestation of achievements made in bilateral relations.

Poverty relief is required for the CPC to solidify its ruling foundation and the country to achieve long term peace and stability, according to the statement titled "Decision to Win the Battle against Poverty."

The Chinese economy is moving steadily in the right direction. This trend will not change. In our vigorous efforts to promote structural reform and adjustment, we are working to foster twin engines of growth, i.e. promoting mass entrepreneurship and innovation and increasing public goods and services. We will unlock the dynamism of market players and creativity of the society by taking new approaches to streamline administration and delegate power, strengthening regulation and improving government services. The Chinese economy has great resilience, huge potential and ample room for readjustment. The upgrading of consumption of over 1.3 billion Chinese people will generate the largest market demand the world has ever seen. Parallel progress in the new type of industrialization, IT application, urbanization and agricultural modernization will further expand the space of development.

He expressed his congratulations on the upcoming 40th anniversary of the founding of the Lao People's Democratic Republic, and stressed that China is willing to strengthen high-level exchanges with Laos to promote their comprehensive strategic cooperative partnership to a new level.