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"China's huge monetary stimulation plan after the financial crisis (in 2008) did bring about a 'V-shaped' recovery, but monetary expansion in other economies and the surging price of energy and other commodities directly caused China's higher-than-expected inflation," Ba said.

Whatever the specific, future investment areas, companies will need a stable market with clear policy indicators of how best they can deploy their resources over time.

Obama, for his part, said the two countries have made substantial progress in the development of their ties for the past three and a half years.

BEIJING, Aug. 10 (Xinhua) -- China started building 5.8 million low-income housing units in the first seven months of this year, the Ministry of Housing and Urban-Rural Development said Friday.

"Recently, tensions over Huangyan Island have eased. We hope the Philippine side would do more that helps calm the situation and boosts bilateral friendly cooperation," said the spokesman.