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The vice premier's tour saw him visit startups, as well as relocation and education firms established to support poverty alleviation.

They lauded the role the Asian Infrastructure Investment Bank (AIIB) and China's Belt and Road Initiative would have to global economic development.

She welcomed Chinese companies to increase investment in Croatia and pledged to provide favorable conditions. The visit, which lasts from Oct. 13 to 18, is the first by Grabar-Kitarovic to China since she took office in January. Chinese President Xi Jinping held talks with her on Wednesday.

"We need to effectively manage differences, earnestly implement the consensus on crisis management, make utmost efforts to avoid escalation of disputes, and create conditions for proper settlement of problems," Fan said.

But "it is a normal adjustment the economy has to go through when its growth reaches a certain phase and a certain level," added the president, pointing out that China's economy is running smoothly on the whole, with major indicators within a proper range and in line with expected targets.