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This means the Chinese government will develop policies that encourage more diversified financing channels, more loans discretion among local banks and a better developed credit rating system across the country, and make sure these loans are extended to the debtors in full.

NEW YORK, July 27 (Xinhua) -- A video on South China Sea has been displayed recently on one of the giant electronic billboards at Times Square in New York City, explaining the historical and legal basis backing China's indisputable territorial sovereignty and rights in the region.

Bounnhang appreciated China's support for Laos in hosting the just-concluded East Asia Summit and vowed to deepen the comprehensive strategic partnership with China by following the principle of "good neighbors, good friends, good partners and good brothers."

While stressing the importance of maintaining ASEAN centrality and unity in evolving regional architecture and in its engagement with external parties, the member states highlighted the need for the bloc to play a central role in developing a rules-based regional architecture.

China firmly supports a "strong and robust" role for the United Nations as the most representative and authoritative intergovernmental organization, Li told Thomson.