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Initiated in 1998, the summit is the highest-ranking dialogue platform between China and the EU.

Furthermore, the senior political advisor promised overseas Chinese that their development in countries in which they take residence will always be a concern of their motherland, and their rights and interests will be protected.

He said Chinese President Xi Jinping visited Russia during his maiden foreign tour as president, during which the leaders of the two countries jointly decided the direction for China-Russia relations in a new era as well as key areas of cooperation.

Turkish political scientist Ramiz Meshedihasanli echoed Ivanovich's viewpoint, saying Xi's proposal was of practical significance as it is imperative to establish an effective mechanism of financing for large multilateral cooperative projects. He also believed that SCO cooperation should go beyond trade.

Xi pointed out that transformation of the economic growth pattern should focus on improving the structure of industries and resolving the problem of overcapacity. He urged Chinese enterprises to seize the opportunities arising from the science and technology revolution.