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China welcomes more exports of India's high-quality products to China, the president said, calling on the two countries to expand two-way trade and investment and create new growth points for cooperation in productivity, medicine, information technology, infrastructure and other fields.

China is willing to work with New Zealand to further take advantage of their complementarity and press forward with negotiations on upgrading bilateral free trade pact, the Chinese premier said.

China lowered its fiscal deficit target to 2.6 percent of GDP for 2018 at the beginning of the year, down by 0.4 percentage points compared with 2017.

China saw foreign direct investment in the nonfinancial sector surge 7.5 percent on a yearly basis to 68.63 billion yuan (.87 billion) in May, the Ministry of Commerce said on Thursday.

China retained its status as the world's biggest outbound tourism market last year, when Chinese travelers took almost 150 million trips abroad, up 14.7 percent year-on-year, according to the China Tourism Academy.