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China also used a massive stimulus package to boost its economy during the global financial crisis. But, unlike the US stimulus, which mostly supported consumption or bailed-out financial companies, most of China's stimulus went into productivity-enhancing infrastructure instead, which raised real GDP.

China and Japan should step up mutual political trust and see bilateral relations as a partnership rather than representing any threat, Premier Li Keqiang said on Thursday.

China and 16 states collectively known as CEEC established a cooperation mechanism in 2012. On April 12, with the inclusion of Greece, it was upgraded to the "17+1" agreement. At present, the two sides have set up more than 20 communication platforms in relation to the economy, culture and education.

China and ASEAN countries, as signatories to the United Nations Convention on the Law of the Sea, will jointly safeguard the freedom of navigation and overflight in the South China Sea in accordance with the law to maintain the region's peace and stability, they added.

China aims to add 100 million registered permanent urban residents from 2016 to 2020.