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But China beyond Hangzhou faces big challenges. GDP expanded 6.7 percent in the second quarter this year, the lowest rate since the global financial crisis in early 2009.

BEIJING, July 27 (Xinhua) -- A senior Communist Party of China (CPC) official on Wednesday called on media organizations to create a sound environment for promoting the Belt and Road Initiative.

Xi urged the city to carry on upholding the spirit and to take the lead in the ongoing economic restructuring and reform drive.

Gao said participants at the meeting shared the same concern over the slow recovery of global economy and the increasing emergence of new challenges, who jointly called for more attention on global cooperation and warned against excessive trade protectionism.

"If we say the past 25 years were a period of growth for the China-ASEAN relations, the upcoming 25 years will be a period of maturity, facing new opportunities as well as new challenges," Chinese Premier Li Keqiang told the 19th summit between China and the Association of Southeast Asian Nations (ASEAN) in the Laotian capital of Vientiane.