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And when it comes to developed countries, they are in the advanced stage of industrialization or even a post-industrial period with a focus on re-industrialization. So they have an advantage to offer in terms of high-end equipment and technology. China' s strength in equipment manufacturing could well be tapped to meet the need of developing countries for lower procurement costs and industrial upgrading. China may also work with developed countries to set up joint ventures or cooperative operations. China may buy core technologies, key parts and components and energy saving and environmentally friendly equipment from developed countries, therefore offering developing countries inexpensive, quality and energy conserving products that are more environmentally friendly. During my recent visit to Latin America, I got on-board a China-made ferry that is powered by a diesel electric system purchased from a developed country, instead of a conventional diesel engine, making it largely pollution-free.

The Cameroonian government will work harder to provide more convenience for foreign investors, he said.

Wang highlighted that against the background of weak world economic recovery and increasing hotspot issues, the BRICS countries -- Brazil, Russia, India, China and South Africa -- should unite for the promotion of world peace and security, and the democratization of international relations.

As major trading partners to each other, China and the EU are sharing one common destiny, Li said.

He urged them to pay special attention to quality, creditability, brands, service improvement, and to balance business with benefits to the local people.