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This willingness to share is also enshrined in China's new development concepts, which are innovation, coordination, green development, opening up and sharing.

China has proposed four key priorities under the theme of the summit, namely -- forging a new path for growth, "more effective and efficient global economic and financial governance", "robust international trade and investment", and "inclusive and interconnected development."

China hopes to change this as it wages a decisive battle against poverty with the ambitious goal of lifting its 70 million poor people above the poverty line by 2020.

The spokesperson also underlined that the reorganization of China's military administration structure and command system will not affect the country's defense policy, which is "defensive in nature."

Basic pension benefits for enterprise retirees were increased to an average of 2,270 yuan per person per month. The minimum social pension benefits for participants of the basic old-age insurance for rural and non-working urban residents were raised from 55 yuan to 70 yuan per person per month. We moved forward with reform of the pension system for employees of Party and government offices and public institutions, establishing an annuity scheme for these employees while at the same time adjusting their basic salaries. We intensified efforts to implement the employment assistance initiative for university graduates as well as the scheme for guiding university students in starting their own business, and we also worked to strengthen the capacity of the government for providing public employment services. We gave stronger support to assistance efforts for subsistence allowance recipients, orphans, people with disabilities, and other disadvantaged groups. We further increased subsidies and living allowances to entitled groups, and worked to ensure the proper delivery of pension and other benefits to retired military personnel who now receive their benefits from the government.