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He said the Belt and Road Initiative (BRI) is quite important for the regional development and his country is willing to expand cooperation with China in trade and tourism, as well as to further communication and coordination on tackling climate change.

Li's trip comes at a time when the countries are faced with protectionist headwind, and it bears special significance in forging regional consensus, said Xu Liping, a senior research fellow with the National Institute of International Strategy at the Chinese Academy of Social Sciences.

Finally, the first tanks of Chinese refined oil products, loaded in Kunming of China's Yunnan province and travelling for over 700 km, arrived at the importer's depot in Boten, the Laos-China border town, over 370 km north of Lao capital Vientiane.

With the aims to expand its petroleum products sales in southeastern Asia and to seek new routes to market, the PetroChina company with its Lao partner undertook thorough researches in demands, market access, custom clearance and transportation, etc.

China's financing cooperation with Ecuador is conducted on the basis of equality, mutual benefit and business principles, without attaching any political condition, said Xi.