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On digital economy, the two sides sought to achieve a better synergy between Europe's digital agenda and China's Internet Plus strategy and to benefit the 1.1 billion Internet users in both China and the EU.

Yi said the wording used in the meeting's communique, such as "we will consult closely on exchange markets," is uNPRecedented, highlighting the attentions paid by the members to recent exchange rates volatility.

To create a cleaner Internet environment, the campaigns focus on striking web portals, video websites and search engines that make and disseminate pornography, addressing the emerging practice of sharing and hosting pornography via cloud storage services and clearing away harmful items that mainly target minors, according to the office.

The EU is China's comprehensive strategic partner. In March 2014, during my visit to the EU headquarters, the EU leaders and I agreed to develop partnerships for peace, growth, reform and civilization, pointing the strategic direction for China-EU relations. Last year, marking the 40th anniversary of diplomatic ties, the two sides decided to promote synergy between the "Belt and Road" initiative and the Investment Plan for Europe and set up the China-EU co-investment vehicle and the Connectivity Platform, broadening the new framework of China-EU practical cooperation. China-EU relations are at their best period in history and are presented with uNPRecedented historic opportunities of further growth.

This year's budget deficit-to-GDP ratio was raised to 3 percent, up from 2.3 percent last year. The growth of M2, a broad measure of money supply that covers cash in circulation and all deposits, was proposed to be 13 percent, one percentage point higher than last year's target.