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This is the tenth Annual Meeting of the New Champions, or the Summer Davos, as it is known. There is a Chinese saying which goes, "It takes ten years to grow a tree." If we could compare the Summer Davos to a tree, after ten years of careful nurturing, it has grown into a luxuriant tree with bountiful fruits. It has showcased to the world the process and achievements of China's reform, opening up and modernization. It has also contributed wisdom and strength to the common development and prosperity of China and the world.

BEIJING, June 25 (Xinhua) -- Finance Minister Lou Jiwei on Saturday signed a donation agreement with AIIB president Jin Liqun, confirming that China will donate 50 million U.S. dollars to an AIIB special fund.

Yang expressed China's willingness to work with Albania to make the "Belt and Road" initiative match with Albania's national development strategies and to boost both sides' practical cooperation both bilaterally and within the China-Central and Eastern European Countries (CEEC) cooperation framework.

Against the backdrop of the Chinese economy settling into a "new normal" featuring lower growth rates, the northeast is experiencing a more acute slowdown than other areas of the country .

But the premier cited weak external demand, sluggish private and manufacturing investment, financial risks and overcapacity as big problems.