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China produced 1.85 million vehicles last month, a decrease of 21.2 percent year-on-year, while sales reached 1.91 million units, down 16.4 percent compared with a year earlier.

China is willing to work with others to strengthen the Lancang-Mekong Cooperation (LMC) as China benefits from regional stability and its neighbors are beneficiaries of China's economic vitality, Li said at the second LMC leaders' meeting held in the Cambodian capital of Phnom Penh.

China launched a battle against production overcapacity in key industries such as steel and coal. It has accomplished its plans to slash steel production capacity by around 50 million metric tons and coal by at least 150 million tons last year.

China set up the Belt and Road Initiative to exert influence and make new alliances with countries initially in Asia. But now the initiative is open to all the countries of the world — a world of closer cooperation with China.

China is willing to strengthen synergy between development blueprints with ASEAN countries on the basis of mutual benefit and win-win teamwork, and promote cooperation in co-building the Belt and Road, he added.