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China vowed to keep its prudent monetary policy "neither too tight nor too loose" and make counter-cyclical adjustments in a timely and moderate manner. The central bank said in its second-quarter monetary policy report that the country will not resort to flood-like stimulus policies.

China welcomes Japan to continue to take part in the process of China's reform and opening-up, Xi said, adding that the Belt and Road Initiative has provided a new platform for the two countries to deepen cooperation.

China sold 1.19 million passenger cars in February, falling for the ninth straight month.

China ramped up targeted poverty-relief efforts in late 2012 in a bid to eliminate extreme poverty by the end of 2020. The needy population - those with an annual income under the poverty line of 2,300 yuan (5) set in 2010 and adjusted annually for purchasing power parity - stood at almost 100 million in 2012.

China will also build financial platform for industrial cooperation.