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The Chinese remarks came ahead of US secretary of state, John Kerry’s visit to India on Saturday.
Venezuela has already secured more than $20 billion in investment from China ahead of the CELAC meet.
A Reuters poll indicates that China would fail to reach the government's 7.5 per cent full-year target in 2014.
The “red line” policy is part of China's efforts to ensure it has enough farmland, water and rural labour to feed a growing urban population.
China has freed prices of 24 commodities and services.
China has built over 12,000 kilometers of track at home in less than a decade.
Rousseff said the choice of Shanghai as the headquarters of the BRICS Bank is “positive”.
A stampede during a New Year celebration in downtown Shanghai killed atleast 35 and injured 42 others.
China needs to balance ‘reforms’ and ‘rule of law’ as "a bird's two wings", said Xi.
Seventeen people were killed and 20 others injured, say initial reports.