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Singapore is the largest investor in China and China's second largest trading partner of the ten ASEAN countries.

The position of the Chinese government on cyber security is consistent and clear-cut. China is steadfast in upholding cyber security. The Chinese government, the Chinese military and their relevant personnel have "never engaged or participated" in cyber theft of trade secrets. The U.S. accusation against Chinese personnel is "purely ungrounded and with ulterior purpose," Qin said.

The third is to support the real economy and carry out measures to cut tax burdens for the agricultural sector, small businesses and the service sector, and fulfill targeted measures to cut the reserve requirement ratio, Li said.

BRICS economies enjoy sound basics, abundant policy tools and great growth potential. Nearly 100 billion U.S. dollar in the BRICS Development Bank and Contingency Reserve Arrangement and complementary agreements could be sound conditions for sustainable growth, Li said.

The State Council came up with an action plan on railway financing in April, deciding to set up a fund open to private investment. The fund value is expected to reach 300 billion yuan (48.6 billion U.S. dollars). In addition, 150 billion yuan of railway bonds will be issued this year, with overtures being made to banks to encourage them to fund railway projects. Central and western regions will be the top priority.