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BEIJING, Sept. 18 (Xinhuanet) -- The US-China Business Council (USCBC) and the Paulson Institute Thursday issued an open letter to the presidents of China and the US, signed by 94 American CEOs, supporting a high-standard US-China Bilateral Investment Treaty (BIT).

"In the last few months we have witnessed ... a sign that China is coming of age. In respect of its global engagement, it is very much focused on Europe in terms of investment," he said.

Meanwhile, the secretary-general also spoke highly of the Chinese efforts to fight climate change by reducing greenhouse gas emissions while tapping into renewable energy.

"It lies with the Chinese Australian community because your understanding of China (and) Australia, you are better able than anyone to transact, to drive that relationship for the greater benefit for both of our wonderful nations."

Yu, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), hailed the contribution made by Fukuda for the bilateral exchanges and wished the upcoming 11th Beijing-Tokyo Forum a success.