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Citing German chemicals giant BASF's smart Verbund project in Guangdong and Tesla's Shanghai factory, Meng said the progress of these large projects demonstrated these firms' confidence in investing in China.

Faced with a variety of risks and challenges in the world, China and the EU should further strengthen strategic coordination, Wang said. China is willing to work closely with the EU on the important political agenda this year, he noted.

After the talks, Li and Thongloun witnessed the signing of several bilateral cooperation documents covering areas such as finance, information and e-commerce.

The Chinese New Year, which falls on Jan. 25 this year, is the most important festival for Chinese people, who beat all odds to return home to be with their families and friends.

The two sides also exchanged views on the drought in the Mekong River basin.