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The two sides also held talks on the development of the Suzhou Industrial Park and Tianjin Eco-City, two significant bilateral cooperative projects which were kicked off 18 years ago and 4 years ago, respectively.

He cited Zhongguancun Science Park as an example. In the past six years, 100 companies participating in the trial program raised 1.73 billion yuan (272.87 million U.S. dollars).

"However, problems still exist in the present standards of food safety due to the restricted development of food industry and ability of risk assessment," Su said.

The concept of smart banking was first introduced on the Chinese mainland by Citibank. It opened its first smart bank branch in Shanghai in November 2009. Citibank now has 24 smart banking outlets in 13 cities across China.

Leaders of the APEC economies would also take this chance to share their visions on the region's future growth, he said.