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China is ready to support Nepal in its post-earthquake reconstruction, especially in restoring infrastructure, people's well-being and historical relics, he said.

Chinese President Xi Jinping, together with other senior leaders including Zhang Dejiang, Yu Zhengsheng, Liu Yunshan, Wang Qishan and Zhang Gaoli, as well as some 1,200 people from home and abroad attended the reception.

The BRICS bloc should urge the developed world to deliver on its promises to developing countries, helping them reach development goals, Wang said.

Over the past few years, the Chinese economy has withstood internal and external pressures and achieved steady progress and better quality. This is not done by resorting to massive stimulus. Instead, it is because of our commitment to reform and opening up and our efforts to push for innovative macro regulation, supply-side structural reform and faster shift of growth drivers. We have been streamlining administration, delegating power, strengthening regulation, and improving government services. We have been vigorously implementing the innovation-driven development strategy to boost mass entrepreneurship and innovation. Since last year, there have been more than 40,000 new entities entering the market every day, among which 12,000 are newly-registered companies. From January to August this year, the number of newly-registered companies per day reached 15,000. New technologies, new industries and new business models are growing at a faster pace and many traditional industries are coming back to life. New growth drivers are rising, traditional growth drivers are being upgraded, and the quality of growth is improving. All this has shown enormous creativity in the market and the society. Looking ahead, with big potential, solid advantages and broad maneuvering room, the Chinese economy is well prepared to achieve medium-high growth rates and advance to medium-high development levels.

"Once the space lab mission comes to an end, China will start building our own space station," he said, adding this could start in as early as 2017.