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Also in his speech, the Chinese president introduced a host of fresh moves including loans, financial aid and common investment fund to help improve livelihood, fight terrorism and promote development in the Arab world.

"Latin America must diversify and modernize its productive structure based on development policies of innovative production," says the report, which was recently compiled and presented in Cartagena, Colombia, by the Latin American Development Bank, the Economic Commission for Latin America and the Caribbean, and the Center for Development at the Organization for Economic Cooperation and Development.

China's non-acceptance of and non-participation in the arbitration is to honor the joint commitment it has made with the Philippines. The two sides reached consensus a long time ago on how to address the dispute. China and the Philippines have issued joint statements and news releases on multiple occasions and they both signed the Declaration on the Conduct of Parties in the South China Sea (DOC), in which the two sides have pledged to settle disputes through friendly negotiations and consultations. By unilaterally initiating the arbitration, the Philippines has negated its solemn commitment to its neighbors and the international community, and breached one of the core principles in international relations - Pacta sunt servanda ("agreements must be kept"), thus jeopardizing its own international credibility. By contrast, China's position of not accepting or participating in the arbitration demonstrates that it is true to its words.

The symposium at the National Development and Reform Commission was attended by analysts and economists from both home and abroad, including Nobel-winning economist Joseph Stiglitz and World Bank economist Bert Hofman.

Kerry said that the United States is willing to strengthen cooperation with China in economy, trade, military, people-to-people exchanges, anti-corruption and other areas.

来源：资阳报