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Xu said that these problems have led to higher product procurement costs, which have not only hampered the growth of the industry, but have also added to consumer spending on medicine.

"China and Europe are highly complementary in economic terms and their economies are become more and more interdependent," Wen said, adding that the two sides should keep their markets open and seek a mutually beneficial situation.

United Nations (UN) Secretary General Ban Ki-moon, who also addressed the opening ceremony, said the UN has for years strongly advocated South-South cooperation.

BEIJING, July 25 (Xinhua) -- Chinese scientists will focus on developing new quake-monitoring equipment and warning technologies, according to an agreement signed Wednesday between the country's earthquake monitoring authorities and top research institute.

"The two sides should uphold the principle of mutual respect, mutual benefit, treating each other equally, and seeking common ground while reserving differences to enhance dialogue, communication and cooperation," he said.