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"There is no expectation of a currency war," he said.

BEIJING, Nov. 20 (Xinhua) -- China and India should enhance cooperation to combat terrorism and fight transnational crime, said senior Chinese official Meng Jianzhu on Friday.

Second, we need to give a greater play to production-capacity cooperation. The CEE region now faces the task to upgrade its transportation, electricity and other infrastructure as well as industrial equipment. However, due to the lack of funding and other constraints, the market demand is yet to be unlocked. Some developed countries may have advanced key technologies and equipment, but their equipment sets and products are fairly expensive. China, on its part, has quality production capacity in automobile, iron and steel, shipbuilding, chemicals, port equipment, construction machinery and can offer quality products at relatively low cost. And China is strong in construction capacity and supporting services and can meet the environmental standard of CEE countries. To develop three-way cooperation by combining China's quality production capacity with CEE countries' development needs and the key technologies of the western European countries will not only enable CEE countries to speed up development and create more jobs at a lower cost and to boost industrial upgrading in China, but also contribute to more balanced development within Europe and accelerate European integration. China is also willing to discuss with the Baltic countries the possibilities of cooperation in high-speed railway construction and may consider purchasing some key equipment from western European countries. During my visit to France last June, the two countries reached an agreement on jointly exploring third-party market for nuclear power cooperation. A combination of China's strong equipment manufacturing and supporting services and the advanced French nuclear safety technologies will offer a good value-for-money nuclear power solution with sound safety standards. China is also ready to respond to the aspirations of CEE countries to connect the Baltic, Adriatic and Black seas. Cooperation may start with the upgrading of ports, including the development of industrial clusters at ports where conditions allow.

According to Fein, it was definitely not the American people's wish that pushed the South China Sea situation to the current stage.

The China-ASEAN meeting came as the ASEAN community, the first sub-regional community in Asia, is expected to take shape by the end of this year, which Li hailed as "a milestone in regional integration."