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"China consistently strives for regional cooperation, and we respect America's traditional presence and legitimate interests in the Asia-Pacific region. The reality is not that China is trying to drive anyone out, but that there are attempts to deny China's legitimate and expanding interests in its own region," Cui said.

We also need to further streamline administration, delegate power, strengthen regulation and improve services. We need to transform government functions more rapidly, improve efficiency, and ensure a level-playing field for all players and a pro-innovation institutional environment. We need to give priority to "simplicity" by taking away undue government powers and delegating them directly to the market and society wherever possible. At the same time, we need to strengthen and innovate in market oversight, explore inclusive and effective prudential regulation, and guide and support the healthy development of new business forms and models. For those players that follow the right direction but have encountered problems, we need to give them prompt guidance, fix the problems and remove potential risks. We need to give them reasonable space for development instead of rejecting them outright. As for those conducting illegal operations or fraud in the name of innovation, we will punish them to the full extent of the law. We need to strictly protect intellectual property rights. We also need to promote the "Internet plus government services" model, and set up an open platform of government public services, so that government data could be shared as much as possible. This will make it easier for individuals and companies to get things done and start up businesses, and it will enhance government efficiency.

UNITED NATIONS, Jan. 27 (Xinhua) -- China is the rock star of clean energy investment, Michael Liebreich, founder and chairman of the advisory board of Bloomberg New Energy Finance (BNEF), said here Wednesday.

Kerry and Lew hailed the outcomes of the high-level dialogues, saying the mechanism contributes to deeper U.S.-China cooperation.

Under the agreement, business persons from Kumasi and Wenzhou will be brought together to share ideas and explore ways to improve the business environment in both cities.