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The annual high-level dialogue also coincides this year with China hosting the Group of 20 (G20) summit and the United States holding presidential elections. While it's too early to tell what specific outcomes the two sides could get from the two-day dialogue, past experiences suggest that maintaining regular dialogues and continued engagement between the world's two largest economies is increasingly crucial to both countries and the global economy.

The Industrial and Commercial Bank of China (ICBC) said Thursday it will spend 1 billion euros (1.1 billion U.S. dollars) on establishing a financial firm to launch the fund.

He called for more political mutual support between the two countries.

Summing up the successful experience in cultivating China-Serbia ties, the statement said it has proved that differences in historical background, social institution, ideology and development model are not necessarily blockages to developing relations between countries.

During his meeting with the Indian president, Li said the two countries' development constituted opportunities for each other.