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China, Japan and the Republic of Korea also are working closely together to advance their free trade agreement talk. The three countries are close neighbors, and China would like to work with the other two countries to develop their own business cycles within a bigger picture, Li said at a press conference after the closing of the third session of the 13th National People's Congress.

China-Laos practical cooperation has entered a period of fast development. China has become the largest investor and second largest trading partner of Laos. Bilateral trade reached 2.1 billion U.S. dollars in the first nine months of this year, up by 25.1 percent. China's total direct investment in Laos exceeded 6.1 billion U.S. dollars, facilitating the development of hydroelectricity, mining, services trade and other sectors of the local economy. China has been actively involved in delivering a number of assistance projects relating to people's livelihood, including hospitals, roads and schools, contributing to higher living standards and more convenience for the Laotian people. The Nam Leuk hydropower station undertaken by Chinese companies is operating well, and playing an important role in the economic and social development of Laos. Export from Laos to China also expanded, and the Laotian agricultural products including rice, coffee, banana and water melon are increasingly popular among Chinese consumers.

China's per capita disposable income stood at 23,821 yuan (,506) in 2016, up 33.3 percent from 2012 after accounting for inflation.

China's property market cooled last year, with the government's efforts to rein in speculation, such as purchase restrictions and higher downpayment requirements.

China-India relations have recently shown a positive momentum, as pragmatic cooperation is deepening and grassroots-level friendly exchanges have become increasingly proactive, Xi said.