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Instructing the province to deepen reform and opening-up, Xi said concrete efforts were needed to develop the Guangdong-Hong Kong-Macao Greater Bay Area, bring opening-up to a higher level and the Guangdong pilot free trade zone to a high standard.

Each era faces problems of its day. Problems themselves are not to be afraid of; what truly matters is for us to take a right approach to resolve the problems. Resorting to old practices such as protectionism and unilateralism will not resolve problems. On the contrary, they can only add uncertainties to the global economy. Only openness and cooperation can bring more opportunities and create more space for development. This is a well proven historical fact. One who chooses to close his door will only cut himself off from the rest of the world and lose his direction.

The China Communications Construction Company has seen a surge in overseas investment since the Belt and Road Initiative proposed in 2013, with new contract value exceeding 1.1 trillion yuan (158.5 billion U.S. dollars), said Sun Ziyu, vice president of the state-owned construction giant.

To deepen economic and trade cooperation, Li expects China and ASEAN to work with other relevant countries to substantially conclude negotiations on the Regional Comprehensive Economic Partnership (RCEP) at an early date, expand cooperation and reduce barriers to trade and investment.

The partnership aims to promote collaboration between the two countries' governments, science and technology sectors, businesses and the general public in such fields as maritime governance, marine ecology, marine renewable energy and marine culture, said Carlos Rodrigues, head of the Department of Social, Political and Territorial Sciences at the University of Aveiro.