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At the end of March, the multinational corporation approved a Chapter 11 bankruptcy filing in the United States by its embattled Westinghouse Electric unit with the conglomerate saying it faced a possible 712.5 billion yen (.5 billion)writedown on its failing nuclear energy business and a related group net loss of more than 1 trillion yen.

At the same time, China's economic growth was in line with other major economic indicators in the same period, according to Sheng.

At the activity themed "Experience the Chinese Culture in the Chinese Embassy," Chinese Ambassador to Romania Jiang Yu in her speech quoted an old Chinese saying: "True friendship exists only when there is an abiding commitment to pursue common goals."

At the event, Indeewari Amuwatte, a well-known Sri Lankan hostess, acted as the guide to usher people into "the City of the Future" that lies by the Indian Ocean and to show the construction and development of the project from various angles.

At the same time, he said, there has been a clear trend of more university students joining startup businesses. According to the ministry, there were 324,000 university students starting businesses in the first half of this year, increasing by 10.6 percent year-on-year.