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The upward economic trend shows that the country is likely to achieve 7.5 percent economic growth in the current 2016-17 fiscal year and the Bangladeshi parliament on June 30 this year passed a 3.41 trillion taka (42.58 billion U.S. dollars) national budget for the 2016-17 fiscal year, targeting an economic growth of 7.2 percent.

Vice Premier Ma Kai said at the meeting that China has made headway in upgrading the manufacturing sector after the plan was unveiled last year, contributing to the sector's steady growth and profit recovery.

The summit drew numbers of senior officials, entrepreneurs and leading scholars from China and the European Union (EU) to discuss the most important issues in Sino-European economic relations.

The founding of the People's Republic of China (PRC) in 1949 ushered in a new era for China's development. The PRC has provided full development opportunities and conditions to the people, and vast scope to realize that right. Through more than 60 years of effort, China's overall national strength has greatly increased; standards of living have achieved a historical leap from poverty to moderate prosperity; the people's right to development in economy, politics, culture, society and environment has been effectively protected.

The leaders of both countries have maintained frequent exchanges of visits and reached consensus on the development of bilateral ties in recent years, Sun said.