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Dr. Kissinger: What is most important for China and U.S. both is to base their policy on the recognition that they are two great countries who need to work in cooperation, not in confrontation- that is the key thing. And then they should apply this conclusion to a number of concrete issues, and I am very hopeful that progress would be made. I am of a different political party from President Obama, but I fully support efforts by president Obama to achieve these objectives.

BEIJING, Aug. 18 (Xinhua) -- President Xi Jinping on Tuesday urged Communist Party of China (CPC) and government officials to step up efforts to implement reform and achieve targets.

Talking about the financial and capital market in China, Li said that financial stability bears on the overall economy. As an appropriate response to developments in the international financial market, China has recently improved the quotation regime of the RMB central parity. There exists no basis for continued depreciation of the RMB and the RMB exchange rate will stay basically stable at an adaptive and equilibrium level.

On Wednesday, Wang also met with Russian Foreign Minister Sergey Lavrov, New Zealand Foreign Minister Murrary McCully, High Representative of the European Union for Foreign Affairs and Security Policy Federica Mogherini, South Korean Foreign Minister Yun Byung-se, and Pakistan's National Security Advisor Sartaj Aziz.

It is also an occasion for them to get together with their families, Zhang added.