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China-South Asia cooperation can boost not only Asia but the global economy, neutralizing factors causing the current slowdown, an expert told the Boao Forum for Asia's Economist Roundtable in Beijing on Monday.

Chinese Ambassador to Laos Jiang Zaidong congratulated the expert team on its excellence in the assistance mission.

China's poultry exports to the EU had been subdued for years, as the EU refused to offer significant low-tariff quotas for Chinese poultry meat after outbreaks of bird flu in Asia between 2006 and 2008.

China's prudent monetary policy will remain neutral this year, with easing or tightening only as appropriate. Deng said moderate inflation will not lead to any tightening of monetary policy this year.

China's rapid urbanization and economic development have generated a substantial increase in the production and utilization of motor vehicles in the country, said Christine Engstrom, director of the ADB's private sector financial institutions division.