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The money will be used to subsidize investment, discounted government loans and capital funds of the projects.

Joergen Delman, a professor in China Studies at the Department of Cross-Cultural and Regional Studies at the University of Copenhagen, said that the main achievement of the meeting was that it demonstrated to the world and to the peoples of China and the United States that the leaders of the two countries are keen on building mutual trust and finding common stands on some of the thorny issues that often dominate their bilateral relationship.

Authorities in Shanghai have placed 194 people who had close contact with the 10 infected people under medical observation. Two have exhibited symptoms, although bird flu has been ruled out as the cause of their illness.

State Councilor Guo Shengkun has been dispatched on the behalf of central authorities to direct rescue operations at the scene.

Currently, the most important task in terms of boosting ties is converting the consensuses reached between both sides into specific policies and action, Wang said.