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Chinese Vice Premier Liu Yandong, who headed the Chinese CPE team, also said that faced with the current complicated and volatile international situation, the two countries should and could work together on a wide range of issues.

The ASEM Industry Dialogue on Connectivity has gathered government officials and company representatives from the 53 members and international organizations grouped under the ASEM.

"If we both can keep the general situation in mind, then it will be easier to resolve some specific problems" in the bilateral relations," the Chinese envoy said.

The "Belt and Road" refers to the Silk Road Economic Belt and the 21st-Century Maritime Silk Road initiative proposed by Chinese President Xi Jinping in 2013. The initiative brings together countries in Asia, Europe and even Africa via overland and maritime networks.

Our aim is to keep the economic momentum with moderated rate of growth and to raise both the quantity and quality of the Chinese economy. Given the size of the Chinese market, there is a variety of regulation tools we may resort to. We have both the confidence and the capabilities to meet the target set for this year, and we will strive to sustain medium-high rate of growth and move the Chinese economy toward medium-high level of development.