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But in the long run, China will welcome the shift from an investment- and export-driven economy to a model favoring consumption. "This is a welcome trend," he said, adding that this is the right direction for the new leadership to take.

BEIJING, Aug. 14 (Xinhua) -- China on Wednesday urged Japan to abide by its commitment to recognize and examine its history of aggression so as to gain trust from victim countries as well as the international community.

Medical scientists and policy makers will hold discussions on issues regarding the changes and current situation of the burden of diseases in China and their implications for health policies.

Yuan Li, vice president of China Development Bank (CDB), China's biggest foreign investment and financing bank, took stock of the bank's financial cooperations with African countries.

The joint drills are not targeting any third party, and meant to strengthen cooperation between the two armed forces in military training, enhance their capability in coordinating military operations, so that they can play a positive role in safeguarding regional security and stability, Fang said.