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China's central bank governor said at a financial forum in April that several favorable policies in support of private businesses have made substantial achievements. By the end of April, loans provided to micro and small enterprises surged 20 percent year-on-year to reach 10 trillion yuan, supporting more than 23 million small companies.

China's 102 centrally administered SOEs made a combined profit of 825 billion yuan (1.44 billion) during the first four months of 2017, up 24.8 percent year-on-year, according to the Ministry of Finance.

China would like to make joint efforts with France to uphold multilateralism, cope with global challenges, promote free trade and facilitate investment, President Xi Jinping said on Friday.

China will continue to unswervingly expand reform and opening-up, relax market access, actively raise imports, strengthen international cooperation and contribute to the stable growth of the world economy and trade, said Gao.

China's announcement to suspend the agreements came about a week after it suspended similar agreements between Hong Kong and Canada, Australia and the United Kingdom.