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China's monetary policy in 2017 is set to be "prudent and neutral," targeting M2 money supply to grow by around 12 percent, one percentage point lower than the 2016 target, to keep liquidity at appropriate levels.

China's gross domestic product expanded by 3.2 percent year-on-year in the second quarter, following a 6.8-percent contraction in the first quarter, the newly released data from the National Bureau of Statistics showed.

China's electric vehicle battery market is expected to embrace better-quality products with lower prices as the nation opens the industry to both domestic and international players, leading to fierce market competition and helping bring better batteries to the market, industry experts said.

China's industrial production expanded at a faster pace, with the value-added industrial output rising 6.8 percent year on year in the first three months, up from 6.3 percent for January and February, and 6 percent for 2016.

China's foreign reserves continued to increase in the past year, and the country's corporate leverage debt ratio has declined steadily, Li told leaders from the five countries.