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Mykkanen admitted the slowdown of economic growth in China may disturb many businesses, but he saw it as an opportunity for Finland, a country packed with engineers and specialists in clean technology.

Second, we intensified reform and opening up to invigorate the market.

China's military spending is budgeted to grow by around 7 percent to 8 percent in 2016, the slowest in six years, said Fu Ying, spokesperson for the National People's Congress (NPC) annual session on Friday.

Fifth, we need to work jointly to trigger innovation. Innovation holds the key to development. Asia is home to 48 countries and over four billion population, and the "Asian miracle" was created by the talented and hard-working Asian people. To keep up the momentum of prosperity and development in Asia, we need to give full play to Asia's unique advantage of abundant human resources, and bring out the potential and creativity of all its people. Asia's new future relies on innovation and talented personnel. We need to improve education and training in Asia to build a high-quality labor force, strengthen the talent pool and increase productivity. We need to step up R&D investment, adopt new models of development, including the "Internet Plus" model, and build cooperation platforms for innovation to develop the new economy and a shared economy. We may also conduct due exchange of experience. This way, the hundreds of millions of our people, especially the young people, will have the chance to engage in innovation and entrepreneurship, and have their ingenuity and creativity fully unleashed. This also allows countries in the region to quickly embark on a path of innovation-driven development and upgrade the level of growth.

BEIJING, March 25 (Xinhua) -- Two documents were passed Friday at a meeting of the Political Bureau of the Communist Party of China Central Committee presided over by General Secretary Xi Jinping.