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"Consequently, going after China, or any other country, without addressing the root cause of low saving is like squeezing one end of a water balloon: the water simply sloshes to the other end," he said. "In this context, protectionist policies pose a serious threat to America's already-daunting external funding requirements -- putting pressure on U.S. interest rates, the dollar's exchange rate, or both."

Joint laboratories include the China-Indonesia joint laboratory for high temperature gas cooled reactors, the China-Thailand railway system joint research center, the China-Laos joint laboratory for new and renewable energy, and the China-Myanmar joint laboratory for radar and satellite communications, Wang said.

He underscored the importance of firmly grasping the important political principle of the leadership of the Party, and the accurate positioning of NPC as the organ of state power.

Xiongan will be under intelligent management. It should be built into a world-leading digital city fully synchronized with the brick-and-mortar one. Intelligent infrastructure will be incorporated in the basic fiber of the city.

Kouketsu said the current warming-up trend in the bilateral ties should be cherished by both countries. Further improvement of the relationship needs joint efforts by both sides, especially the Japanese Government.