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China aims to lift 70 million people above the poverty line by 2020. The central government introduced a national database to analyze the number of people living in poverty after the announcement of the 2020 target. It is formulated to help precise project planning and to allocate cash resources more effectively.

China and the Dominican Republic established diplomatic relations on Tuesday, after the country cut "diplomatic ties" ties with Taiwan this morning.

China and Saudi Arabia inked an agreement on the joint venture in 2012 with a total investment of .6 billion, with 62.5 percent of the equity interest owned by Saudi Aramco and 37.5 percent by Sinopec.

China also will increase efforts to improve legal framework, credit mechanisms and talent development for the financial sector to help the Chinese economy expand steadily, Li said.

China Communications Construction and China Resources are going to put more of their industrial resources into the integrated development of the Yangtze River Delta region, while Sinochem Group and ChemChina expressed their interest in exploring opportunities from the expansion of the China (Shanghai) Pilot Free Trade Zone. China Baowu Steel Group, China COSCO Shipping and China Resources will support the listing of their innovation-oriented arms on the newly launched STAR Market, or science and technology innovation board.