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It is my great pleasure to join friends from the world at the Boao Forum for Asia Annual Conference 2012. More than a decade ago, Boao was still a small fishing village little known to the outside world. Today, it has become a major platform for people to compare notes on issues important to Asia's development. Boao has grown through the opening-up and development of Asia and China, its opening-up and changes have reflected how deeply connected China and Asia, Asia and the world have become. This gathering gives all of us a good opportunity to look at our world and learn from each other. The Boao Forum is an open and inclusive platform, based in Asia yet with a global perspective. This year's theme "Asia in the Changing World: Moving Toward Sound and Sustainable Development" is a highly relevant one. On behalf of the Chinese government, I would like to extend our warmest congratulations on the opening of the conference and our sincere welcome to all the participants coming from afar.

Liu said the dialogue is an important mechanism for both countries as it helps strengthen economic policy communication as well as promoting economic and trade cooperation.

Wage delays have been a perennial headache for hundreds of millions of migrant workers, who often lack formal contracts and are sometimes left unpaid after their companies report low earnings or declare bankruptcy.

"At present, recovery and reconstruction work is slow. The government of Haiti needs to be better able to bear the primary responsibility for governance, attract investments and create job opportunities," he said. "It is our hope that the international community could fulfill contribution commitment, improve aid efficiency, provide constructive support to Haiti for its reconstruction and development."

Meanwhile, the sector recorded 7 billion yuan in losses in the first quarter, with the current asset-liability ratio staying around 60 percent.