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The two countries also reaffirmed to solve their disputes through negotiation and consultation in a series of bilateral documents, including the Joint Statement of the China-Philippines Experts Group Meeting on Confidence-Building Measures of 1999, the Joint Statement between the Government of the People's Republic of China and the Government of the Republic of the Philippines on the Framework of Bilateral Cooperation in the Twenty-First Century of 2000, the Joint Press Statement of the Third China-Philippines Experts' Group Meeting on Confidence-Building Measures of 2001, the Joint Press Statement between the Government of the People's Republic of China and the Government of the Republic of the Philippines of 2004 and the Joint Statement between the People's Republic of China and the Republic of the Philippines of 2011, according to Hua.

Countries are at different stages of development. Global cooperation on production capacity will match supply with demand effectively, and generate more demands through innovation on the supply side. As developing countries accelerate industrialization and urbanization, they now have a strong demand for applicable technologies, equipment and infrastructure. Many middle-income countries and developed countries also need to upgrade their equipment and infrastructure. However, constrained by funding shortage, some demands have been repressed. Talking about comparative strengths, developed countries have advanced key technologies and equipment, but the demand for their products and equipment is limited due to high prices. Developing countries may enjoy rich natural resources and low labor costs, yet most of their industries and products are at the low end. And as far as China is concerned, it has manufacturing capacity for quality and affordable mid-end equipment, strong engineering and service capabilities, and large foreign exchange reserves. What China needs is to transform and upgrade its industries. Three-party cooperation could combine our comparative strengths, and provide quality equipment and products with relatively low prices to bring down construction costs and better meet the needs of different countries. It will also help countries overcome the difficulties in industrial development, upgrade their industries and integrate the high-, mid- and low-ends of the global industrial chain. This will help businesses increase their presence in both the international and Chinese markets. Like a convex lens that makes rays converge, such a cooperation model brings together the supplies and demands of various parties and converges their interests. It could be a new driver to sustain steady growth of the global economy.

Islands in the South China Sea are China's territories as China is the first country to discover and name the islands, he emphasized.

A total of 165 people, including 99 firefighters and 11 policemen, were killed in the blasts. Eight people including several firefighters are still missing. Hundreds of injured people remain in hospital.

In the wee hours of the day, Kim also paid tribute to late leaders Kim Il Sung and Kim Jong Il at the Kumsusan Palace of the Sun.