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China's economy expanded 6.9 percent year on year in the third quarter of 2015, the lowest reading since the second quarter of 2009. According to the communique released after the key CPC meeting that adopted proposals for economic and social development in the 13th Five-year Plan (2016 to 2020), China will prioritize quality and efficient development.

"With a population of 65 million people in the small island of Europe, we do something like 44 percent foreign exchange turnover, and we are the largest international capital market. We by definition have to be involved with emerging economies around the world, and China by far the largest."

The authorities began to evacuate tourists from the island on Saturday, but the operation was interrupted by strong winds. The remaining tourists were transferred to hotels for free accommodation.

From 2011-2014, consumption contributed to 54.8 percent of the country's economic growth, higher than 47 percent from investment.

On bilateral relations, Liu said China and the DPRK should enhance high-level political communication, step up exchange at all levels, advance pragmatic cooperation in fields including trade and economy, so as to create a new future for bilateral relationship.