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Officials and experts from both sides believe that a high-standard BIT will not only benefit the top two economies in terms of boosting mutual investment and job opportunities, but also conduce to the global economy.

"The leadership's approach has not only boosted public confidence, but given the international community a refreshing impression," said Xin Ming, a politics expert at the Party School of the CPC Central Committee.

BEIJING, Oct. 13 (Xinhua) -- China's top political advisor Yu Zhengsheng met in Beijing on Tuesday with Tep Ngorn, Second Vice President of the Cambodian Senate.

Under the government encouragement of innovation and entrepreneurship, China is witnessing a surge of creativity of its people. In the first three quarters, 30,000 new companies were registered everyday.

It said nearly 1.9 million people in Guangxi suffered losses from the typhoon and 417 homes were destroyed.