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Since China took over the rotating presidency of the SCO last June, more than 160 activities including a series of important institutional meetings and multilateral events have been held so far, Wang said.

Additional tariffs for 545 items worth about 34 billion U.S. dollars, including agricultural products, vehicles and aquatic products, will be effective from July 6, 2018, according to a statement of the commission.

China hopes to work with Bolivia to seize the new opportunities for the development of bilateral relations to push forward cooperation in such areas as economic and trade, tourism and culture, and increase imports of Bolivia's products with competitiveness and high quality, he said.

Guided by the Shanghai Spirit, the SCO has delivered fruitful outcomes in security, economic and cultural cooperation and made historic strides in institution building, he said.

He pointed out that the Belt and Road Initiative, which has greatly tapped potentials and benefited the people since it was launched five years ago, is not exclusive, but open and inclusive.