The economy is currently going through a structural transformation that comes with a transition from traditional driving forces to new ones, he said.
The era of the rapid growth of the entire property industry has ended in China and future development should be based on consolidating fundamentals, according to China Vanke Co, one of China's largest property developers.
The epicenter was monitored at 39.51 degrees north latitude and 76.98 degrees east longitude, with a depth of 8 km, the center said in a statement.
The draft foreign investment law is a hot topic at the two sessions. Watch to learn what it means for China and the world!
The epicenter, with a depth of 33.0 km, was initially determined to be at 6.273 degrees south latitude and 142.597 degrees east longitude.
The entrepreneur, affectionately dubbed "superman" by Hong Kong residents, advised students to be creative with their talents to make a change in the world, but also stressed "a functioning conscience matters as much as having talent".
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The event was witnessed by Jack Ma, also Alibaba's executive chairman, and Malaysian Prime Minister Najib Razak, who is pushing for the Digital Free Trade Zone (DFTZ) to empower small and medium-sized enterprises (SMEs) via e-commerce and logistics.
The event marks the first joint training program by China and the UN on technological innovation for developing countries.
The event was broadcast across several media platforms to give customers an early glimpse of what is in store on Nov 11.
The evaluation panel, consisting of experts and academicians from a number of universities and research institutions, with 20 percent from overseas, jointly reviewed all the project proposals and selected the final nine, according to Lin.