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For the past three decades, China's miraculous achievement was envied and admired by major economies, but a slowdown since the 2008 global financial crisis has left many jittery. Last year's GDP growth of 6.9percent slipped to its lowest notch in a quarter of a century.

Chinese officials and experts have defended China's stance of non-acceptance and non-participation in the case, saying the Philippines' unilateral initiation of the arbitration violates international law.

Furthermore, Beijing and Washington expressed satisfaction on "the fruitful cooperation between the two sides in enhancing the security of radioactive sources, in particular regarding recovery of disused sources and transport security of radioactive sources," and pledged to further strengthen cooperation in this regard and facilitate the sharing of experiences and best practices with other countries.

"Around 2,000 years ago, China and Arab nations have built mutual understanding and communication via the old Silk Road," Wang said.

Han said the successful visit made by Chinese President Xi Jinping to India in 2014 and that by Prime Minister Modi to China in 2015 resulted in important consensus on pushing forward China-India strategic cooperative partnership and building greater developmental partnership between the two sides.