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China also set its target for consumer inflation growth at 3 percent for this year, while it will try to keep growth of the broad measure of money supply, or M2, largely at the same level as last year, the report said.

China National Offshore Oil Corp (CNOOC) said on Friday that it would bolster its liquefied natural gas storage facilities to ensure adequate supplies of the clean fuel to northern parts of the country this winter.

China also imported 91.39 billion yuan of US agricultural products, a growth of 44.4 percent year-on-year.

China and Pacific island countries have strong complementarities in economy, and there is tremendous potential for partnership, Xi said. He added that the common interests between them have increased under new global circumstances, and the foundation for cooperation has expanded rather than narrowed.

China announced new measures over the weekend to further open its financial sector, with the liberalization extended to several new business areas. Foreign asset managers will be allowed to take controlling stakes in wealth management joint ventures with the subsidiaries of Chinese commercial banks and insurers. Foreign companies are also allowed to own stakes in pension fund managers and currency brokers. The latest policies also involved deregulation in bond underwriting and credit rating businesses.