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"Today, people-to-people exchanges, political trust and business cooperation have together become the three pillars underpinning the new model of major-country relations between China and the United States," she told the U.S. Institute for Peace.

Stengthening forgein exchanges, promoting understanding and friendship between the Chinese people and people of other countries, are important tasks of the CPPCC, Du said.

He said bilateral investment would benefit both sides as European investors would have better access to the Chinese market and their Chinese counterparts would be more encouraged to invest in Europe.

"With a gross domestic product growth rate of around 7.5 percent, the 'lower limit' is intended to ensure steady growth and employment," he wrote. "With the consumer price index at around 3.5 percent, the 'upper limit' is meant to prevent inflation."

The CSRC vowed to enhance monitoring and strictly punish illegal activities like false disclosure, insider trading and market rigging, in order to preserve the rights of investors.