Full coverage: Premier Li Visits Kyrgyzstan, Kazakhstan, Latvia and Russia

Chinese Premier Li Keqiang has spoken about this year's fifth annual 16+1 Summit which took place in the Latvian capital, Riga. Li was speaking at a press conference at Riga's National Library with Latvian Prime Minister Maris Kucinskis and Hungarian Prime Minister Viktor Orban.

Chinese Premier Li Keqiang, Latvian Prime Minister Maris Kucinskis and Hungarian Prime Minister Viktor Orban (L to R) attend a joint press conference after the Fifth Meeting of Heads of Government of Central and Eastern European Countries (CEEC) and China in Riga, Latvia, Nov. 5, 2016. (Xinhua/Rao Aimin)

Li said the summit was held against a backdrop of sluggish world economic recovery, weak trade growth and the new, complicated evolution of global and regional hotspot issues. He added that the summit sent a positive message of world peace and stability to the world, enhancing trade liberalization and investment facilitation and advancing the globalization process.