China and Bangladesh should enhance cooperation in areas including trade, investment, energy, transport, telecommunication, infra-structure and agriculture, President Xi Jinping said on Friday.

The talks will continue in earnest this coming week, said White House economic adviser Larry Kudlow during a Wednesday briefing.

Themed "China and the World: A Journey of 70 Years," the event is held to coincide with the 70th anniversary of the People's Republic of China.

Frederic Pierucci, former executive of French rail transport company Alstom, detailed a similar story in his book The American Trap.

China's governance is a remarkably effective form of governance, which will provide experience for the future development of other nations.

A recent report showed that the average monthly salary in 37 major Chinese cities rose to 8,452 yuan (about $1,230).

Small- and medium-sized enterprises (SMEs), which account for 99 percent of Chinese companies, hold 65 percent of innovation patents and 75 percent of enterprise innovations.