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As an old Chinese saying goes, a commitment, once made, should be delivered. Boosting development in the Asia-Pacific requires real actions by all of us members. As the world's second largest economy, China knows fully well its responsibility. Over the past five years, we have taken proactive steps to adapt to, manage and steer the new normal of China's economy and deepened supply-side structural reform. As a result, China's economy has maintained steady performance, and we are pursuing better-quality, more efficient, fairer and more sustainable development. Over the past four years, China's economy has grown by 7.2% on the average annually, contributing over 30% of global growth. China is now a main driver powering global growth.

As for tariffs, China's commitment to the WTO was to reduce the tariff to 10 percent and now it stands at 9.8 percent, Wang said, adding that the Chinese government has announced its decision to further reduce it to 7.5 percent as of Nov. 1.

As an activity of the conference, an international friendship cities trade fair was held in Jinan from Tuesday to Thursday.

As a sub-index of the Tianjin Shipping Index, TBI is published on working days and was first published in September 2010. It is issued by the Tianjin International Trade and Shipping Service Center in northern China's Tianjin municipality.

As an important component of the country's emergency response system, maritime search-and-rescue operations have witnessed great leaps.