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China will speed up the growth of private banks and encourage financial institutions to provide multi-faceted financial services to companies through community and cellphone banks. The government also encourages Internet finance companies to provide standardized services to smaller businesses, farmers and the rural economy, said the statement.

Better career prospects are one of the reasons why many Indian students are learning the Chinese language and subjects related to the country.

Meanwhile, the Chinese premier stressed that to promote trade liberation and investment facilitation is the right remedy for coping with the downward pressure as the world economic recovery is still sluggish.

The newspaper quoted Xi as calling the massacre "a horrendous crime against humanity and a very dark page in the history of mankind" and stressing that history should not be altered with the passing of time, and facts not erased by crafty denial.