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Bounthong Chitmany, president of the ruling Lao People's Revolutionary Party (LPRP) Central Committee's Commission for Inspection, met with Wang Qishan, secretary of the Communist Party of China (CPC) Central Commission for Discipline Inspection and his deputy Zhao Hongzhu.

On the project of the Piraeus port between China and Greece, Li said it is a model of bilateral cooperation of equality and mutual benefits and is an affirmative vote of Chinese enterprise for Greece.

We also need to further streamline administration, delegate power, strengthen regulation and improve services. We need to transform government functions more rapidly, improve efficiency, and ensure a level-playing field for all players and a pro-innovation institutional environment. We need to give priority to "simplicity" by taking away undue government powers and delegating them directly to the market and society wherever possible. At the same time, we need to strengthen and innovate in market oversight, explore inclusive and effective prudential regulation, and guide and support the healthy development of new business forms and models. For those players that follow the right direction but have encountered problems, we need to give them prompt guidance, fix the problems and remove potential risks. We need to give them reasonable space for development instead of rejecting them outright. As for those conducting illegal operations or fraud in the name of innovation, we will punish them to the full extent of the law. We need to strictly protect intellectual property rights. We also need to promote the "Internet plus government services" model, and set up an open platform of government public services, so that government data could be shared as much as possible. This will make it easier for individuals and companies to get things done and start up businesses, and it will enhance government efficiency.

The 11th meeting on the issue was held in Singapore in April.

"The arbitration tribunal farce should come to an end," Wang said.