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"Since 1993 to present, China has provided all kinds of support to Cambodia for socio-economic development," he said, adding that the Cambodian government and people are pleased to become one of the China's close friends.

BEIJING, July 4 (Xinhua) -- China on Friday said it supported Iraq's efforts to safeguard independence and fight terrorism, as the situation in the country deteriorates.

For instance, the Ministry of Culture and two public institutions embezzled 104 million yuan (17 mln U.S. dollars) and spent 30 percent of it on gifts and giving out allowances. The eight state-owned banks, including the ICBC, were found to have lent 375 billion yuan to companies barred from gaining such loans.

Yang also said China is willing to carry out strategic cooperation with Russia in a closer, more thorough and profound way, and to work together toward improving the national strength of both countries, promoting world and regional peace, stability and development.

During their May meeting, Xi stressed that China conducts cooperation with Mongolia with the principles of mutual benefits and win-win results, never as "one wins and the other loses," nor "one wins more and the other gets less."