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China will insist on conducting affairs that are good for African countries and their people, Xi said.

China will further cooperation with northern European countries on developing a green urbanization market in China, aiming to strengthen international coordination and establish green and sustainable development partnerships according to officials from both sides.

China's biggest wine producer, Changyu Wine Group, is moving to rapidly expand the domestic brandy market with the launch of the country's first brandy chateau in Yantai, East China's Shandong province.

China's PPI dropped 0.8 percent year-on-year in August last year, but has returned to positive territory. In the first quarter of this year, China's GDP growth was 6.9 percent, beating market expectations and laying a solid foundation for China to meet its pre-set annual growth target of around 6.5 percent for this year.

China's CPI rose 1.8 percent year on year in April, compared with 2.1 percent for March, as abundant food supplies kept inflation mild.