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Latvia is willing to make joint efforts with China to expand people-to-people exchanges, deepen pragmatic cooperation and promote continuous development of bilateral military ties, Pabriks said.

Opening new investment channels for pension funds is a must for China, as it faces a huge challenge in caring for its increasingly large elderly population, experts said.

China will lower import tariffs for some resources and raw materials with provisional tax rates and "appropriately" bring down import tariffs for some goods that are closely linked with people's daily life, the guideline said, without giving further details.

China raised its minimum wage by an average of 12.5 percent annually during the 2006-10 period, official figures showed.

The partnership is expected to support the China-based production of the Thales Top Series system and integrate it into the cabin of the much-anticipated Comac C919, the aircraft China hopes will help establish the country as one of the world's top commercial aircraft-makers.