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"We must fully recognize the importance of commercial insurance in the social services sector. The number of people above the age of 60 is taking up an increasing proportion in the entire population in China, while the number of children under six has exceeded 100 million," Li said. "The current supply of commercial insurance can hardly meet the needs in the changing democraphics. Yet commercial insurance is an effective means for senior citizens to maintain and raise their quality of life."

"We are very appreciative of those efforts of the Chinese government," Abeyasinghe said.

The satellite has entered the preset orbit. It will be used in communication, radio, television and data transmission, as well as high throughput technology test.

The Chinese side hopes the ASEAN Secretariat will continue to lead and coordinate ASEAN to firmly pursue China-friendly policies, and play an active role in pushing the Regional Comprehensive Economic Partnership (RCEP) to be signed as scheduled, he added.

SHANGHAI, Jan. 14 (Xinhua) -- Shanghai has terminated its sister-city relationship with Prague, the city's Foreign Affairs Office said Tuesday.