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China's economy expanded by 7.6 percent year on year in the second quarter, slowing from 8.1 percent in the first quarter.

Meanwhile, Chinese Foreign Minister Yang Jiechi on Monday urgently summoned Japanese Ambassador to China Uichiro Niwa for a meeting to lodge solemn representations and strong protest against the Japanese government's illegal "buying" of the islands.

A string of economic indicators in April suggested further economic weaknesses in the world's second-largest economy amid renewed uncertainty in Europe, prompting policymakers to adopt swift measures to stabilize growth.

M K Venu, managing editor of the Financial Express in India, said the financial newspapers have been reporting on the progress in the relations between the two developing countries, who are both members of the BRIC countries, saying that it is changing for the better despite the still existing skepticism.

The feat was accomplished after the country launched a government-led rural drinking water project, which attracted an investment of 109.3 billion yuan (17.2 billion U.S. dollars) from 2005 to 2010, said Du Ying in his report delivered at the ongoing bi-monthly session of the National People's Congress Standing Committee.