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Grimsson said that he believed the bilateral relations would advance faster and better, based on true friendship, especially given the multiple economic, trade and financial cooperations China had with Iceland during the financial crisis.

He said the three countries are both global powers and emerging economies. If they work together in furthering their cooperation, not only the people of the three countries but also the whole world will benefit from such cooperation, he said.

"For many years, the Taiwan question has been a liability in China-US relations that undermines mutual trust and disrupts cooperation," he said.

The organization has made great achievements in confronting terrorism, separatism and extremism as well as fighting smuggling and cross-border crimes.

Chen Guanglin, who led an inspection at the Export-Import Bank of China, said that nonstandard operations occur in loan origination and some staff abuse their loan-issuing powers for personal gain.