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Finally, they were made at a time when China's economic output had exceeded 60 trillion yuan. Every percentage point of GDP growth today is equivalent to 1.5 percentage points of growth five years ago or 2.5 percentage points of growth ten years ago. The larger the economy grows, the greater the difficulty of achieving growth.

"In a word, we will press ahead with cutting overcapacity while avoiding massive job losses," Li said, adding that central and local governments have the resources to help the laid-off employees.

"We reaffirm our previous exchange rate commitments, including that we will refrain from competitive devaluations and we will not target our exchange rates for competitive purposes," the communique said, pledging to carefully calibrate macroeconomic policies to reduce uncertainty, minimize negative spillovers and promote transparency.

At the same time, we should also be keenly aware that the world economy is still undergoing profound adjustment, the divergence of economies is pronounced, growth of the global economy and trade are sluggish, geopolitical risks are on the rise, the foundation for economic recovery is still weak, and external instabilities and uncertainties are increasing. In this current period of development, China must simultaneously manage the slowdown in economic growth, make difficult structural adjustments, and absorb the effects of previous economic stimulus policies. As the adverse effects of a sustained slowdown in economic growth continue to persist and deep-seated and longstanding problems, especially structural problems, become more serious, the conditions for China's development may become even more complex and the difficulties even more formidable.

The center, conceived by the China Atomic Energy Authority (CAEA) and the U.S. Department of Energy, has the capacity to train about 2,000 nuclear security staff from China and other Asia-Pacific nations each year, said CAEA director Xu Dazhe.