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WASHINGTON, Oct. 6 (Xinhua) -- The Chinese economy is now running at a more stable pace, said a senior official from China's central bank.

Duterte reported that the Philippines signed a number of agreements. "Mostly economic in nature, these agreements provide the framework with which to carry out intensified cooperation between the Philippines and China," he said.

They are from China, the Philippines, Cambodia, Indonesia and Vietnam. Three of them, including one from the Chinese mainland and one from Taiwan, had died.

Since China adopted the reform and opening-up policy, the Chinese economy has maintained rapid growth to become the world's second largest economy in 2010. In recent years, the Chinese economy has been growing on a large base figure amidst global complexities as well as long accumulated underlying domestic issues. China has relied on reform and innovation to maintain a medium-high growth rate and accelerated economic transformation and upgrading. In the first half of this year, the growth rate was 6.7%, which was among the fastest in major economies. People's livelihood kept improving, personal income growth was basically in sync with economic growth, and over 13 million new urban jobs were being created on an annual basis. China's economic aggregate has exceeded US trillion. Every one percentage point of growth now equals several percentage points of growth before, and the yearly economic increment is tantamount to the economic aggregate of a middle-income country. China's contribution to global economic growth has been around 25%.

It also showcased the CPC's leading role in saving and revitalizing the nation in hard times.