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A breach in a flood detention basin in Huarong County occurred on July 10, forcing more than 20,000 residents to evacuate.

At an event to mark the release of the report, World Bank Group President Jim Yong Kim said, "Decades ago, China's innovations in health such as 'barefoot doctors' and cooperative healthcare showed the world it was possible to improve the health and greatly increase the life expectancy of hundreds of millions of people."

He also called on them to "fully and accurately" understand the "one country, two systems" policy, actively safeguard Hong Kong's prosperity and stability and seize opportunities to strive for Hong Kong's bright future.

In a commentary published on Monday, Xinhua said "with successes achieved in its efforts to counter the global financial tsunami that broke out eight years ago, the G20 now needs to structurally upgrade itself in order to take the global economy out of a low-growth trap."

The statement said cutting stockpiles and overcapacity were key tasks in the latter half of the year. To achieve this the country should deepen the reform of state-owned enterprises and push forward urbanization.