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"We are also hoping to launch the Shanghai-London Stock Connect, allowing traders in both countries to buy on each other's markets across time zones," he said. "This eagerly anticipated scheme will surely be of great mutual benefit."

He said Belgium attaches great significance to China's growing global influence, and applauds the China-proposed Belt and Road Initiative, adding that the country welcomes more investment from Chinese enterprises.

With its closest allies rejecting the protectionism, can the United States really afford to go it alone?

The Wednesday meeting approved a series of fiscal, tax and financial incentives. The volume of re-lending and rediscount for small and micro businesses, and for rural areas, agriculture and farmers will be raised. The re-lending interest rate for small and micro businesses will be lowered. Evaluation for financial institutions will be improved to make sure that businesses with a credit quota of 10 million yuan (1.55 million U.S. dollars) and below shall enjoy faster loan growth than other types of credit recipients.

The summit's goals also include promoting economic and trade cooperation, taking longer-term benefits into account as well.