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VIENTIANE, July 26 (Xinhua) -- Chinese Foreign Minister Wang Yi said on Tuesday that China supports the development of the ASEAN Regional Forum (ARF) with practical actions, calling on the ARF to further promote regional dialogue and cooperation.

"Economic and trade cooperation is both a propeller and a ballast in developing relations between countries," Li said, adding that more economic cooperation is urgently needed as the global economic recovery remains fragile and economies on the two continents are faced with daunting tasks such as stabilizing growth, restructuring the economy and creating more jobs.

G20 is also a simple forum without heavy bureaucracy which aids discussions, added Amighini, who is also an assistant professor of Economics at the University of Eastern Piedmont and senior associate at the Institute for International Political Studies.

As of the end of June, the country had met 66.9 percent of its annual shanty-town renovation target, 8.2 percentage points higher than the same period last year.

"We will become an important city for regional economic cooperation in northeast Asia, with a new industrial base and an international cargo port," she said.