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China-US bilateral investment treaty negotiations were launched in 2008 and the countries have completed 34 rounds of talks. They have made notable progress, including cutting the number of industries on the negative list and creating the momentum and public support to ensure investors' interest on both sides. A negative list includes industries where foreign investors are barred, while all other areas are presumed to be open.

China's trade volume with the EU dropped by 4.4 percent to 1.6 trillion yuan (6.4 billion) in the first five months of this year, with exports to the EU down by 1 percent and imports down by 9 percent, according to the General Administration of Customs.

Chinese Economic and Commercial Counselor to Finland Sun Liwei said he hoped the innovation center would provide a new platform for Chinese and Finnish enterprises that want to be at the forefront of the technology research and innovation.

China's top diplomat to the European Union on Tuesday described as "encouraging" the EU's decision to allow Huawei in its 5G networks despite heavy pressure from the United States for the Chinese telecom giant to be shut out.

China-EU Tourism Year fits well with China's aim to attract more European visitors, said Kuang Lin, who was speaking ahead of the World Travel Market, an international travel trade show running in London until Wednesday.