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China National Petroleum Corp, or PetroChina, the country's largest oil producer, said its production and operations remained stable in 2017 with profits almost triple the previous year as earnings from exploration and production overcame asset write-downs.

China Eastern said its first-quarter sales revenue was nearly 27 billion yuan, up 9 percent year-on-year. But net profit fell nearly 30 percent to 1.98 billion yuan as the carrier stripped its freight business last year as part of a structural reform for mixed ownership.

China Wednesday issued a revised foreign investment catalogue, which includes the negative list as well as sectors and industries in which the government wants to encourage foreign investment.

China and the European Union (EU) should strengthen the political guidance for their bilateral relations and take the ties to a new level, said Yang.

China and Germany are both strong in their technological capabilities in such fields as the digital economy and artificial intelligence. Germany is advanced in basic research, while China has a huge market that can accommodate all kinds of new business models.