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To strengthen the new growth engines, an innovation-driven development plan was adopted along with guidelines on its implementation, policies and measures were introduced to encourage public participation in starting businesses and making innovations, and the Internet Plus action plan was implemented. A great number of makers started businesses and made innovations. Improvements were made to policies in support of agriculture to promote transformation of the agricultural growth model. In addressing the decline in industrial growth and the downward slide incorporate performance, we worked to foster new industries and upgrade traditional ones. We launched the Made in China 2025 initiative to upgrade manufacturing, set up government funds to encourage investment in emerging industries and to develop small and medium-sized enterprises, and established more national innovation demonstration zones. We cut overcapacity and encouraged business acquisitions and restructuring. Cuts made in outdated production capacity over the past three years have included over 90 million metric tons of steel and iron, 230 million metric tons of cement, over 76 million weight cases of plate glass, and more than one million metric tons of electrolytic aluminum. The development of production- and consumer-oriented service industries picked up momentum. We took serious measures to conserve energy, reduce emissions, and protect the environment, exceeding obligatory targets. We released self-imposed emissions reduction targets and contributed to the positive outcomes of international negotiations on climate change.

Li also sent condolences to Taiwan compatriots for the strong 6.7-magnitude earthquake that hit Kaohsiung earlier in the day and has left 11 people dead.

Xinhua President Cai Mingzhao and AP CEO Cary Pruitt made the pledge on the sidelines of the third World Media Summit (WMS) that is held in the Qatari capital of Doha.

China and the EU are both deepening structural reforms to unleash greater social and economic vitality. People in China are now striving to complete the building of a moderately prosperous society in all respects, advance towards the "two centenary goals" of development (i.e. to double 2010 GDP and per capita income and finish the building of a moderately prosperous society in all respects by the time the CPC celebrates its centenary in 2021 and to turn the PRC into a modern socialist country that is prosperous, strong, democratic, culturally advanced and harmonious by the time it celebrates its centenary in 2049) and realize the Chinese dream of national rejuvenation. The Outline of the 13th Five-Year Plan for Social and Economic Development, which was recently promulgated, calls for innovative, coordinated, green, open and inclusive development and sets forth the targets of maintaining stable growth, upgrading the growth model and economic structure, aiming at a medium-to-high growth speed for the coming five years. The EU is working to keep the momentum of economic recovery and boost its economic competitiveness. Such a high complementarity in our development strategies and great potential of our cooperation hold out great promise for the future of China-EU relations. China will join hands with the EU for win-win cooperation, and together contribute to world economic development.

"The RRR adjustment has nothing to do with the surge of new yuan loans or the central bank's macro prudential assessment system," the central bank clarified.