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China is willing to promote connectivity projects with Myanmar and boost bilateral cooperation in major areas such as energy and finance, he said, highlighting the importance of smooth operation of ongoing large-scale projects.

"Outside intervention is one of the root causes for turbulence in many regions of the world," he told his counterparts from 10 ASEAN members amid the 49th ASEAN foreign ministers' meeting in the Lao capital.

China aims to eliminate poverty by 2020, when its 13th Five-Year Plan is completed.

"Developing venture capital will contribute to our country's innovation-driven development strategy and boost private investment," Li said.

While hailing the positive progress on the implementation of the ASEAN Political-Security Community, ASEAN Economic Community, and ASEAN Socio-Cultural Community Blueprints 2025 towards realizing the ASEAN Community Vision 2025, the ASEAN member states emphasized the importance of the full and effective implementation of this forward-looking road-map that will continue to guide them in charting their path over the next decade.