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At the press conference, Wang said China is willing to work with Panama, a key Latin American nation, to jointly build a new type of international relations that stress win-win cooperation.

But low wages are not the only thing that matters. Fitch said only those offering a workable business environment and relative macroeconomic and political stability can make the most of opportunities stemming from the shift in China's development strategy.

The Chinese premier singled out several cooperation focal points, including trade investment facilitation, information technology, agriculture, fishery, poverty alleviation and reconstruction of run-down areas.

LONDON, Oct. 7 (Xinhua) -- China's 26th naval escort fleet departed from here Saturday after a five-day friendly visit to Britain.

Highlighting Chinese President Xi Jinping's speech on opening up and cooperation, Standard Bank economist Jeremy Stevens, who attended the BRICS Business Forum on Sunday, said Xi's remarks reminded the whole world of the vital significance of openness and inclusiveness to growth when protectionist measures emerge.