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Despite the overall trend of economic recovery, multiple risks and challenges still exist, ranging from the lack of growth momentum and faltering demand to turbulent financial markets, he explained.

Sienho Yee, chief expert at the Institute of Boundary and Ocean Studies of Wuhan University, said the arbitral tribunal adopted an excessively expansive interpretation of the jurisdictional grant, played a game of words, and distorted the text of the United Nations Convention on the Law of the Sea (UNCLOS).

Liu called the launch of the domestically developed satellite, Quantum Experiments at Space Scale (QUESS), "an important step forward in China's space science" and said it is significant for enhancing the country's competitiveness and information security.

The foreign minister said China always welcomes the development and rise of India, and supports India to play a more positive role in regional as well as international affairs. The development of both China and India is conducive to the better balance and stability of world powers, he noted.

Altogether 650,000 homes were destroyed in the quake and not a single building remained standing.