It also acknowledged recent reform progress made in the country, such as improving financial regulation, reducing overcapacity and combating pollution.
Can consumption remain resilient given the troubles of the country's state-dominated industrial economy, ranging from vast overcapacity to record levels of debt?
We will continue working on the five priority tasks of cutting overcapacity, reducing excess housing inventory, deleveraging, lowering costs, and strengthening areas of weakness.
The G20 has agreed commitments to tackle overcapacity in steel and the World Trade Organisation has made progress towards launching plurilateral discussions on digital trade.
China's economy is gathering new momentum by encouraging innovation and entrepreneurship, which will create new job opportunities to offset the impact of jobs losses from industrial overcapacity reductions.