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China has no alternative but to rely on deepened structural reforms and more creativity to counter a housing slowdown, diminishing demographic dividend and uneven global recovery, they agreed.

BEIJING, Aug. 21 (Xinhua) -- Top Chinese political advisor Yu Zhengsheng on Friday called for more efforts to protect water resources.

Li downplayed concerns over government debt as it is at a relatively low level.

"We are gathered here at Zhijiang, a place with such an important history, believing that we can continue to cooperate with each other and do more to maintain world peace," she said at the opening ceremony of the festival.

China and Turkey, both important members of the G20, face mounting common challenges and obligations against the backdrop of a complex and volatile international situation, a gloomy global economy and grim security situation in West Asia and North Africa, said the Chinese president.