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China's labor force in 2012 reached a peak of 940 million, and decreased to 930 million in 2014. It is estimated that the labor force will decrease by about 29 million in the decade ending in 2020.

He also called on the United States to enhance cooperation and coordination with China in the Asia Pacific, implementing the principles of mutual respect and win-win cooperation vigorously.

Qian played a key role in China's missile and aviation programs after he returned to his motherland in 1955.

The United States and China have broad cooperation prospects in such areas as green financing and sustainable urbanization, he said, adding the Paulson Foundation would play a positive role to this end.

China is willing to cooperate with ASEAN members to increase production capacity in areas such as electricity, engineering machinery, building materials and communication. It is willing to jointly construct industrial parks to facilitate production and attract Chinese investment to the ASEAN, he said.