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China will deepen reform to unleash, to the greatest extent, new growth vitality from entrepreneurship, innovation and creativity, while speeding up the formation of new engines for maintaining a medium-high level of growth rate and moving toward a medium-high level of development, he said.

Regarding security, Mr. Bildt said that Europe has in "no way" the resources to become an influence in Asia, and that the U.S. will continue to hold more influence.

BEIJING, March 20 (Xinhua) -- The foreign ministers of China, Japan and the Republic of Korea (ROK) will discuss a meeting between the leaders of the three countries, a spokesman said on Friday.

During the meeting, Xi also briefed the guest on China's annual sessions of the legislative and political advisory bodies, which were convened in the past two weeks, as well as the work on formulating the country's 13th Five-Year Plan.

In the 35 years between 1978 and 2013, annual growth of the Chinese economy averaged close to 10 percent and, between 2003 and 2007, it was over 11.5 percent. However, the "good old days" had to end. Growth decelerated to 7.7 percent in 2012 and 2013.