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The vice premier hoped the two sides will enhance mutual trust and control their disputes to advance economic ties in a healthy and sustainable way.

The new law provides for regulation over the responsibility of charity groups to disclose information including reasons for raising money.

Japan pledged in a parliamentary resolution adopted in 1971, the Three Non-Nuclear Principles, that the country shall not produce, possess or allow the entry into its territory of nuclear weapons.

Momentum was created for reform and development through opening up. We worked hard to keep foreign trade stable by adjusting the mechanism for sharing the cost of export tax rebates between the central and local governments, overhauling and regulating charges for imports and exports, increasing trade facilitation, and making changes to the export mix. The number of restrictions on overseas investment in China was cut by 50%, and over 95% of overseas-funded projects may now be undertaken on a simple reporting basis. China utilized US6.3 billion of overseas investment, an increase of 5.6%. Non-financial outward foreign direct investment reached 8 billion, up 14.7%. Pilot free trade zones were established in Guangdong, Tianjin, and Fujian based on the model of the China (Shanghai) Pilot Free Trade Zone. The RMB was included in the IMF's Special Drawing Rights basket. The Asian Infrastructure Investment Bank was officially inaugurated, and the Silk Road Fund opened for business. China signed free trade agreements with the Republic of Korea and Australia, respectively,and signed the Protocol to Amend the Framework Agreement on Comprehensive Economic Cooperation between China and ASEAN. Progress was made in the Silk Road Economic Belt and 21st Century Maritime Silk Road Initiative (the Belt and Road Initiative), the pace of our industrial-capacity cooperation with other countries was stepped up, and breakthroughs were made in China's export of high-speed railway and nuclear power equipment.

In his report, Yu pointed to the "supply-side reform" -- a popular notion that includes reducing ineffective and low-end supply championed by Chinese President Xi Jinping -- and to a new set of development philosophy as policy options at hand to respond to the slowing economy.