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China's manned space program has entered a "new phase of application and development," Wu said.

Frictions are not the dominating element in China-U.S. economic relations but just a minor part of cooperation, the premier said .

Talking about the property market, China's new type of urbanization will be a long process. Given the trend of divergence in the housing market, we will urge local governments to shoulder their responsibilities and adopt city-specific policies to meet people's basic housing needs and take effective measures that suit national and local conditions, endeavor to provide housing to all in need and ensure steady and sound development of the real estate market. We are confident that we will be able to meet the major economic and social development targets this year, forestall systemic and regional financial risks, and lay a solid foundation for stable development next year.

In the phone conversation, Wang said that China strongly urges the DPRK and the related parties to keep calm and exercise restraint and refrain from taking any new action again that would escalate the tension.

"While in college, I never expected that the yuan would become such an important international currency one day," said 31-year-old Xuan Fangyu in Shenzhen.