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Now China and Europe are each other's largest trading partner, with two-way trade amounting to nearly 700 billion U.S. dollars in 2015, he added, noting that cooperation between Asia and Europe has reached an uNPRecedented level.

Bounnhang lauded Laos' closer ties with China at all levels and in the fields such as economy, culture and national defense, adding that bilateral cooperation in key projects in such as areas as railway and aerospace are of historic significance.

Government representatives from 52 countries and regions including Georgia, Azerbaijan, Bulgaria and Greece, diplomats in China, commerce chamber chairs and entrepreneurs, altogether more than 500 delegates, attended the opening ceremony of the 2016 Xi'an Silk Road Business Summit and SRCIC Cooperation & Development Conference.

COPENHAGEN, Aug. 19 (Xinhua) -- Chinese Ambassador to Denmark Liu Biwei said here on Friday that the Belt and Road initiative has created opportunities for the whole world at a time of a sluggish global economy.

However, cooperation in economy and trade should be built on the basis of mutual political trust among the three parties.