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With India and China, the two largest and fastest developing SCO members, the contributions they are making together with other members to the global economic growth and prosperity are quite significant, said the Indian scholar.

Socialism with Chinese characteristics, derived from Marxism, has lifted millions of people out of poverty and propelled China's striking economic success, he added.

BEIJING, May 5 (Xinhua) -- The Communist Party of China (CPC) plans to issue work regulations on its political and legal affairs this year, in a move to uphold absolute Party leadership.

"I have to stress that China and the U.S. have conducted several rounds of negotiations in an attempt to resolve our differences and achieve win-win results," Foreign Ministry spokesperson Lu Kang said.

Wang said since China and Germany established new governments respectively in March, the two sides need to exchange their ideas in all fields. Especially when facing an international situation full of uncertainties, more coordination and mutual trust are needed to face up to various global challenges.