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Kamath told Li the NDB will exploit potential for economic growth and industrial cooperation among BRICS countries in an innovative way, to achieve common development.
Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, will inspect the troops afterwards.
PYONGYANG, July 28 (Xinhua) -- The top leader of the Democratic People's Republic of Korea (DPRK) Kim Jong Un sent a wreath Monday to the cemetery of martyrs of the Chinese People's Volunteer Army (CPVA) on the occasion of the 62nd anniversary of the victory in the great Fatherland Liberation War.
Countries are at different stages of development. Global cooperation on production capacity will match supply with demand effectively, and generate more demands through innovation on the supply side. As developing countries accelerate industrialization and urbanization, they now have a strong demand for applicable technologies, equipment and infrastructure. Many middle-income countries and developed countries also need to upgrade their equipment and infrastructure. However, constrained by funding shortage, some demands have been repressed. Talking about comparative strengths, developed countries have advanced key technologies and equipment, but the demand for their products and equipment is limited due to high prices. Developing countries may enjoy rich natural resources and low labor costs, yet most of their industries and products are at the low end. And as far as China is concerned, it has manufacturing capacity for quality and affordable mid-end equipment, strong engineering and service capabilities, and large foreign exchange reserves. What China needs is to transform and upgrade its industries. Three-party cooperation could combine our comparative strengths, and provide quality equipment and products with relatively low prices to bring down construction costs and better meet the needs of different countries. It will also help countries overcome the difficulties in industrial development, upgrade their industries and integrate the high-, mid- and low-ends of the global industrial chain. This will help businesses increase their presence in both the international and Chinese markets. Like a convex lens that makes rays converge, such a cooperation model brings together the supplies and demands of various parties and converges their interests. It could be a new driver to sustain steady growth of the global economy.
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来源：资阳报