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Benard Ayieko, a Kenya-based economist wrote an article earlier this year, describing the so-called China debt trap rhetoric as "farcical."

The world is undergoing major changes rarely seen in a century, and humanity stands at a crossroads, and for China, France and Europe, they also come to a critical stage of development, the Chinese president said.

Xi said China supports Myanmar's peace process and pays attention to the development of situation in northern Myanmar. He expressed the hope that Myanmar will work with China to further strengthen border management and jointly safeguard border security and stability.

Concerning the action plan, Xi said this is the first time for China and Laos to sign a cooperation document on building a community with a shared future on the bilateral level, which will not only benefit the two parties, countries and peoples, but also serve as a significant exploration in advancing humanity.

On global economic governance, the two countries call for pushing forward the economic globalization towards a more open, transparent, inclusive and non-discriminative system, and safeguarding the rules-based, WTO-centered multilateral trading regime.