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"A lot of headhunting companies favor overseas graduates, especially for finance jobs," said Wang Yuxuan, a graduate of the University of Miami and a data analyst in Shanghai, who admitted that regardless of the policies, returnees do boast advantages in some cases.

Both sides will work for progress in negotiations for the Regional Comprehensive Economic Partnership (RCEP) and upgrading the bilateral Free Trade Agreement (FTA).

"Facing economic downward pressure in recent years, China has made employment a top priority and taken more proactive employment policies, which helped the country add more than 13 million urban jobs every year," the statement said.

Trump is expected to visit China next month as part of his five-stop tour in Asia that will also take him to Japan, South Korea, Vietnam and the Philippines.

Regions with serious environmental and resource capacity overloading will not be allowed to start new projects.