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"For years this country from outside the region has been stepping up its rebalancing strategy in the Asia Pacific," the article read, "Its politicians have been making provocative remarks when talking about its Asia Pacific policies and the South China Sea issue, and its military has invested massively in the South China Sea region and areas around it."

China welcomes more investment from Germany and other countries, Li added.

Liu expressed his condolences to Li's family members and presented them with Li's certificate of excellence.

China all along holds that one important way to emerge from the world economic and financial crisis is to promote trade and investment liberalization and facilitation. Hence, it is good news to China to see a new growth point in any country, as it may bring more opportunities to Chinese companies too. Competition is only natural in a market economy and we welcome it. Without competition, bad currency may drive good currency out of circulation and there will be no chance for good companies. We have no wish to protect the backward. What we hope to see is a level playing field on the big world market, and we also wish to see peace and development in all South Asian countries. For Asia to truly become the new engine driving world economic growth, there must be inputs from all parts and directions of the region, be it the east, south or central.

Addressing the AIIB board of governors on Saturday, the bank's President Jin Liqun said that the bank is "now off to a strong start" and has begun to deliver on its commitments to shareholders and the world on organizational performance and corporate governance.