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China also shared with India its principled positions and views on the above question.

The minister stressed that Egypt is ready to facilitate investment procedures for Chinese firms willing to investment in his country, adding that the Egyptian economy is growing and promising for foreign investments.

He also announced that China's donation to the Global Fund to Fight AIDS, Tuberculosis and Malaria will reach 18 million U.S. dollars in next three years.

Putin, for his part, said he is delighted to see that Russia and China have maintained close communication at high levels and in various fields, which is very important to consolidating bilateral ties.

Talking about China' s insurance market, it has developed for a very short time. Therefore we do lack experience, and we are taking steps to enhance and improve our regulatory structure to protect the policy holders. Every year, the elderly population in China grows by a large margin, so there is a huge insurance market in China.