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''Facing complicated situations, China's development still needs reforms and opening up. Nowadays, China is deepening reforms unswervingly and comprehensively, building a modern economic system, steadfastly extending the opening up strategy, and strengthening international cooperation," he said.

In his speech, Li spoke highly of the achievements and changes China had made over the 40 years of the country's reform and opening-up, saying the road of the country's reform and opening-up has been the "path of win-win cooperation between China and the rest of the world."

The pioneering reform spirit has been taken on by village, which continues to motivate new reform initiatives.

"The ASEM serves as an important platform for Asia-Europe cooperation and a key bond to deepen their partnership," Assistant Foreign Minister Zhang Jun told the reporters.

Li and Abe also took a group photo with some of the people who witnessed the signing of the treaty 40 years ago and their families, and visited a photo exhibition on economic and trade cooperation between China and Japan.