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He called on authorities at all levels to strengthen analysis of risks as well as the management of sources of conflicts and disputes, making efforts to "nip conflicts and disputes in the bud".

In addition, China's traditional international competitiveness has been weakened, featuring decline in the growth rate of foreign trade and utilization of foreign capital, said the premier.

Also on Thursday, China's top legislator Zhang Dejiang met with Wickremesinghe on further enhancing parliamentary exchanges between the two countries.

He called on officials to understand the new stage of development referred to as the "new normal" -- a slowing of growth the economy must go through before it becomes more balanced and sophisticated.

Arbitration is a practice accepted by the international community as a means of solving legal disputes, noted Zeng Lingliang, an expert on international law at Wuhan University. The Philippines' unilateral move "just utilizes that popular psychology and is deceptive," he said.