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China's economy is to maintain sound momentum of development, and China and the United States enjoy broad prospects in economic and trade cooperation, said Xi, urging the two sides to grasp the opportunity.

China's consumer price index rose by 0.90 percent in March, up only 0.10 percentage points from 0.80 percent in February, the National Bureau of Statistics said on Wednesday. Falling food prices helped keep consumer inflation in check, the agency said.

China's economy ended on a strong footing in 2017 with a better-than-expected growth rate of 6.9 percent. Official data showed an improved economic structure, with new growth drivers emerging and outdated capacity decreasing.

China's foreign exchange reserves expanded to .101 trillion at the end of May, marking the highest level in nine months, according to the State Administration of Foreign Exchange.

China's outbound foreign direct investment dropped sharply in the first two months of 2017 as Chinese regulators set stricter rules to crack down on irrational and illegal outbound investment activities amid mounting pressure of capital outflow.