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The demand for infrastructure development in Asia is enormous. Institutions for infrastructure investment, old or new, have much to offer each other, and may well work together through joint financing, knowledge sharing and capacity building. They may engage each other in benign competition, learn from and reinforce each other, and move forward in tandem. This is a way to allow multilateral development institutions to contribute more to infrastructure connectivity and sustainable economic development in the region.

Chinese and Vietnamese experts will inspect the terrain and geological conditions outside the mouth of the Beibu Gulf. The inspection will be carried out by China's Fendou No. 5 ocean research vessel.

According to a press release issued by the Chinese Foreign Ministry Tuesday after a meeting between Hammond and his Chinese counterpart Wang Yi, China is looking forward to Cameron attending the G20 summit in China's Hangzhou this autumn, and welcomes him to visit China at a mutually convenient time to hold a bilateral annual prime ministerial meeting.

Wang also called for greater efforts to pursue corrupt fugitive and recover stolen assets as part of upgraded international cooperation against corruption.

Among the 52 bilateral "early-harvest projects," those related to automobile assembly and polypropylene had already been launched, while construction on a light railway transportation system in Astana will start by the year-end, and a dozen more projects in steel, smelting and cement are expected to kick off next year, Li said.