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Li Keqiang: I have to say I am half convinced and half doubtful. When the QE is in place, there may be all sorts of players managing to stay afloat in this big ocean. Yet it is difficult to predict now what may come out of it when the QE is withdrawn. And although there is little debate about whether there will be an interest hike in the United States, people are quite uncertain about when this interest hike will take place. Honestly speaking, it is quite easy for one to introduce QE policy, as it is little more than printing money. But what about the structural problems that have led to the global financial crisis and weak economic recovery? We believe one needs to undertake structural reforms. Yet not that many countries have taken significant steps in this direction. This is like treating a patient. We need to give him IV drip and antibiotics. Otherwise, it may cost us the time to cure his disease. But eventually, one has to discontinue the use of antibiotics to allow the patient himself to recover on his own physical strength. So I’m not an outright opposer to QE, but I believe what is more important is the structural reforms.

The railway will go across the agricultural heartland of Mato Grosso State, Para State, which is rich in mining resources, and Amazonas State, which is famous because of its large tropical rain forests.

Philippine planes have illegally flown over Chinese waters on numerous occasions recently and China's guarding forces had issued a radio warning, the spokesperson added.

Taxpayers will no longer need to "make a written application" and "get approval from the examining authority" before they get tax reductions or exemptions, according to one amendment.

Armenia looked forward to closer cooperation with China with a view to secure win-win results, Sarkisian said.