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China and Laos have been cooperating and assisting each other in different sectors, and the construction of roads and bridges can further boost relations between the two sides. Currently, many construction companies and infrastructure development projects in Laos have cooperated with the Chinese side, said the report.

China announced on June 16 that it would levy an additional 25 percent tariff on 659 goods worth billion from the US, including agricultural products such as soybeans, pork, beef and certain kinds of vegetables and fruits in response to US plans to impose tariffs on billion in Chinese goods.

China and Spain have historic and geographic advantages to enhance Belt and Road cooperation, Xi said, adding that the initiative should be connected with Spain's development strategies.

China announced Friday a plan for reciprocal tariffs on imported US products worth about billion to balance losses caused by the US metal restrictions against China.

China and the US have been making concrete progress in trade and investment talks since the top leaders of the two countries met earlier this year.