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He said the frequent exchanges between the leaders of the two countries fully reflect the quality and level of bilateral relations.

"And even more encouraging than all of that is the fact that young people from both sides are much more broadly and deeply engaged with each other, all the time," he said. "This is going to lay the foundations for peace among the next generation of ethnic Chinese."

China is ready to consolidate mutual trust, promote concrete cooperation, and strengthen communication on major international and regional affairs for a China-Russia relationship which is conducive to peace, stability and development of the region and the world, the premier said.

Russian Deputy Prime Minister Dmitry Rogozin said in April that Russia eyes closer economic ties with China especially on joint projects in the high-tech field, including the Glonass and China's Beidou satellite navigation systems.

First home buyers who acquire a property not exceeding 90 square meters can apply for as much as 1.2 million yuan from Jan. 1 in 2015, according to local fund administrators. For second home buyers, the upper limit is still 800,000 yuan.