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China's leverage levels are stabilizing and gradually falling, said Zhou Xiaochuan, central bank governor, on Friday.

China's economy grew 6.9 percent in 2017, topping both the official target and 2016 growth.

China's investment in India's consumer goods industry includes the production of automobiles, air conditioners, refrigerators and mobile phones. If Chinese investment can boost India's manufacturing, transfer some technologies, and help reduce local unemployment rates, Indian restrictions may not have a substantial impact on Chinese investment.

China's financial strength has also improved greatly, with big increase in foreign reserves. In 1950, China's fiscal revenue was only 6.2 billion yuan, and the figure rose to 113.2 billion yuan in 1978.

China's cultural industry had grown at an average pace of over 13 percent annually in the past five years. It is expected to become one of the major pillars supporting economic growth by 2020.