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China remains committed to a nuclear-free Korean Peninsula. It has been and will continue to work to safeguard regional peace and stability. China stands for dialogue as the right route to address the Korean nuclear issue. North and South Korea are geographically connected and both are China's close neighbors; North Korea, in particular, shares 1,300 kilometers (808 miles) of common border with China. Any military conflict or disturbance in this region will endanger peace and stability, inflict huge damage to innocent people, and may even escalate tensions beyond control. The international community has witnessed enough bitter outcomes caused by the unwise use of military action over the past decades.

China still has more than 10 million rural poor waiting to be lifted out of poverty by the end of next year, in time for the centenary of the Communist Party of China in 2021.

China needs a super regulator for its present transition. And for its future development, it needs perhaps an even larger regulatory system, headed by an effective, forward-looking larger regulator. The new banking and insurance regulatory commission is expected to play this role.

China signed more than 20 agreements with Central and Eastern European countries on Saturday to boost cooperation under the Belt and Road Initiative and in fields such as transport, infrastructure, industrial parks, finance, healthcare, education and agriculture.

China remains the world's important commodity exporter and e-commerce exports have replaced general trade amid stabilizing trade volume, showing good growth momentum, Zhang said.