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"The China-Africa collaboration is moving beyond infrastructure development to more at the industrial development. We are looking at how Chinese entities may begin to put industrial facilities and help Africa develop its own production capacity, which is very important," said Oluniyi Robbin-Coker, Chairman of the Board at Sierra Leone Investment and Export Promotion Agency.

This year marks the 55th anniversary of bilateral relations. Li said that China and Laos enjoy a high degree of political mutual trust, comprehensive economic cooperation and extensive people-to-people exchanges, which benefit people from two sides and helps maintain regional peace, stability and development.

Emerging economies were called in for reinforcement to salvage a global economy on the ropes. It was the first time these countries sat at the table for top-level design of the global economic governance system.

The priorities of future cooperation could focus on the implementation of the Belt and Road Initiative and policy aligning, Xi said.

Li also met with Japanese Prime Minister Shinzo Abe at the latter's request in Ulan Bator. The Chinese premier urged the Abe administration to take active and friendly policies towards China.