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The new cut in RRR was mainly targeted at countering capital outflows, which would pose negative effects on current monetary polices, said independent economist Andy Xie.

But, just as other green burial methods -- sea burial or tree burial -- the idea still remains controversial as some families hesitate to rest the deceased relatives without tombs and even without a single mark.

Barroso, who also spoke at the event, quoted the Confucian saying "within the four seas, all men are brothers" to describe Europe's economic position in relation to other economies.

Indonesia also expected that Chinese enterprises "invest more in Indonesia's mining industry," and briefed China on its efforts to improve the management of its mining resources.

Health Minister Chen Zhu admitted during an exclusive interview with Xinhua on Wednesday that China's food safety standards are in urgent need of improvement amid a spate of food safety scandals.