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Abadi thanked China for supporting Iraq's economic development and social stability.

China's non-acceptance of and non-participation in the arbitration conforms with the general practice in addressing international disputes. National consent is the very core and soul of international law. The key to resolving disputes over territory and maritime rights and interests is for parties directly concerned to reach consensus ad idem. The Philippines' unilateral initiation of arbitration is by no means aimed at resolving the dispute. Rather, it is to further complicate the situation and to vilify China. What the Philippines is doing is an out-and-out political provocation. By contrast, China's way of addressing disputes over territory and maritime rights and interests through bilateral consultations and negotiations has proven effective. As a matter of fact, China has properly settled land boundary issues with 12 countries and completed the delimitation of maritime boundary in the Beibu Bay with Vietnam. China will continue to follow its current practice and will not accept arbitration as a way to settle disputes over territory and maritime rights and interests.

With authorized capital of 100 billion U.S. dollars, the AIIB prioritizes investment in energy, power generation, transportation, rural infrastructure, environmental protection and logistics.

Li made the call when hosting a welcome banquet for foreign leaders attending the meeting, slated for Tuesday in Zhengzhou, the capital of central Henan Province.

Indian Minister of Human Resources Development Smriti Irani said she would like to see a strengthening of teaching of Chinese in India and the teaching of Hindi in China to promote the traditional ties between the two countries.