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KUALA LUMPUR, June 13 (Xinhua) -- The way that China and Malaysia have developed bilateral relations while managing differences serves an example that amicable consultation is the only right approach to solve the disputes over South China Sea, a Chinese envoy said Monday.
Song Tao, head of the International Department of the CPC Central Committee, held talks with the delegation, which was led by Ri Su Yong, a member of the Political Bureau of the Central Committee of the Workers' Party of Korea (WPK).
Private investment has been playing a vital role in China's economic development in recent years. It now accounts for 60 percent of China's gross domestic product (GDP), 80 percent of jobs, more than half of the tax revenue as well as 67 percent of China's direct outbound investment.
China-EU trade was top of the agenda. On Monday, Chinese President Xi Jinping said he hoped Germany and the EU would view competition and cooperation objectively and solve China-EU trade disputes. He called on Germany and the EU to carry out their obligations in the Article 15 of the protocol on China's accession to the WTO as scheduled.
In addition to the recent example of cooperation between the AIIB and the ADB, China has also signed agreements on production capacity cooperation with 20 countries, committing funds of 100 billion dollars. In the year of 2015, Chinese companies made 15-billion-dollar worth of direct investment in the countries along the land and sea routes.
来源：资阳报