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Lagarde, who is here for the China Development Forum, spoke highly of China's 13th Five-year Plan, saying it will help China's economy continue to play a leading role in world economic development.

Unlike political-economic models where efficiency and democracy appear compatible, the "China miracle," to some extent, is a result of both running in parallel.

"We see no indication that [...] this militarization effort, has stopped. And it's doing nothing [...] to make the situation there more stable and more secure," U.S. State Department spokesperson John Kirby said Thursday as commercial satellite imagery reportedly indicated the "very recent" placement of missiles on Yongxing Island.

The economic slowdown will not affect investment and aid promises made at December's Johannesburg meeting of the forum on China-Africa cooperation, Wang said.

TAIPEI, Feb. 6 (Xinhua) -- A 6.4-magnitude earthquake in southern Taiwan early Saturday morning damaged several buildings, with at least one building collapsed, trapping hundreds of residents, according to local media reports.