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China was the first developing country to meet the Millennium Development Goals (MDGs) target of reducing the population living in poverty by half ahead of the 2015 deadline. The Chinese population below the poverty line has decreased by 100 million.

The two leaders also presided over the 17th China-Singapore Joint Steering Council Meeting for the Suzhou Industrial Park and the eighth China-Singapore Joint Steering Council Meeting for the Tianjin Eco-city.

Higher charging standards for waste disposal will push enterprises to cut pollution discharge, and more incentives will be offered for sewage recycling.

Historian Dr. Arnold Toynbee believes that "challenge and response" is an important factor underpinning the development of human civilization. China's economic development is adjusting to the new normal and experiencing growing pains of shifting from old drivers of growth to new ones. Yet the fundamentals of a steadily growing economy have remained unchanged. The new type of industrialization, IT application, urbanization and agricultural modernization that is in full swing has generated strong domestic demand and great potential for future growth. It has also made the economy more resilient and adaptable. All this, coupled with deepening structural reforms, means that China will have very promising economic prospects.

China is willing to work with Japan to adhere to the path of peaceful development, properly address historical issues, cultivate friendship between the two peoples and strengthen pragmatic cooperation, so as to promote long-lasting friendship between the two countries as well as common prosperity in Asia, said Liu.