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China's M2 growth rate slowed to 8.2 percent in March, down from 8.8 percent in February and 8.6 percent in January. Yuan-denominated new loans also showed slower expansion in the first quarter compared with last year, according to data from the People's Bank of China, the central bank.

China would like to expand cooperation in the Far East of Russia and the rest of Northeast Asia to sustain development and increase common interests, President Xi Jinping said on Wednesday.

China's 5G construction is ahead of schedule this year with 690,000 5G base stations already built by the end of September, according to a top industry regulator on Thursday.

China would like to import more high-quality goods from CEE countries and will encourage the Chinese people to travel to the region, Li added.

China's M2 growth target this year was set at around 12 percent, one percentage point lower than the 2016 target. Authorities have been careful not to hurt liquidity too much, to avoid financial turbulence and pressure on the real economy.