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He said Chinese and South Korean media's joint efforts have contributed to current China-South Korean relations. Strengthening media ties of both sides is in accordance with people's expectations and interests, he said, adding he hopes both Chinese and South Korean media could enlarge news coverage of each other and continue enhancing the quality and level of media cooperation.

The China-Russia Investment Cooperation Committee was launched following agreement between Chinese President Xi Jinping and Russian President Vladimir Putin as they met in Beijing earlier this year.

For his part, Elbegdorj said the Mongolian side highly values the development of good-neighborly friendly cooperation with China and regards it as a priority of Mongolia's foreign policy.

CULTURAL INTERACTION

But our challenges go beyond that. Even if we had solved all the above-mentioned problems for the 300 million people, we still have several hundred million of farmers who will move to cities in the coming years. This will be difficult to accomplish without over ten years or even longer and the tasks will only be more difficult on our way ahead. For any country to complete industrialization, it has to achieve agricultural modernization, raise agricultural productivity and, on normal cases, keep the percentage of agricultural population low. China will not be an exception. To have so many people move to live and work in cities in an orderly manner will be a long process. That is why we say that China will not be able to become a medium-level developed country and achieve modernization until the middle of the century.