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There has been an increase in the number of young volunteers who are well educated and are more willing to accept new ideas. "We hope their actions could mobilize more people to support the cause," said Yuan Bo, secretary-general of the Gansu Provincial Red Cross Society.

This transition, symbolized by the CIIE, is good for China, especially in terms of the rising standards of living for the Chinese. It is also good for the world, including all those who consider China as a vital and vibrant market for their goods and services, said the IMF chief.

Responding to a reporter's question, Wang said China's development itself is a just cause in human development and progress as nearly 1.4 billion people have got rid of poverty and moved towards modernization, which is the greatest contribution to all mankind.

China is ready to resolve economic and trade issues through dialogue and consultation on the basis of seriousness, equality and integrity, Geng said, pointing out that China will resolutely safeguard its legitimate rights and interests.

"China has been expanding imports over the years in order to meet the Chinese people's demand for better lives and high-quality development," he said, adding that after reaching preliminary consensus on trade issues of farm produce and energy during the previous consultations, the two sides will continue to hold consultation on these issues plus manufactured goods and service trade.