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Humala said Peru highly values its relationship with China and is willing to make joint efforts with China to push forward their comprehensive strategic partnership.

And when it comes to developed countries, they are in the advanced stage of industrialization or even a post-industrial period with a focus on re-industrialization. So they have an advantage to offer in terms of high-end equipment and technology. China' s strength in equipment manufacturing could well be tapped to meet the need of developing countries for lower procurement costs and industrial upgrading. China may also work with developed countries to set up joint ventures or cooperative operations. China may buy core technologies, key parts and components and energy saving and environmentally friendly equipment from developed countries, therefore offering developing countries inexpensive, quality and energy conserving products that are more environmentally friendly. During my recent visit to Latin America, I got on-board a China-made ferry that is powered by a diesel electric system purchased from a developed country, instead of a conventional diesel engine, making it largely pollution-free.

During a visit to Kazakhstan in September 2013, Chinese President Xi Jinping proposed that China and Central Asian nations collaborate on the Silk Road Economic Belt to boost cooperation.

He suggested that the Panchen Lama promote positive Buddhist doctrines, such as upholding kindness, denouncing wickedness, promoting equality and generosity, as well as helping the needy.

"It is a rather high-profile delegation. The event marks an important step forward in pushing the China-Japan relationship toward gradual improvement," said Zhou Yongsheng, professor with the Institute of International Relations under the Foreign Affairs University, referring to Friday's delegation.