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China has pledged a more proactive and effective fiscal policy in 2017 to support economic growth, with the fiscal deficit set at 3 percent of its GDP, or 2.38 trillion yuan, for the year, up 200 billion yuan from 2016.

China attaches great importance to developing relations with Cuba, Zhao said, adding that Chinese President Xi Jinping and Cuban President Raul Castro met on various occasions in recent years and the two leaders reached consensus on deepening mutually beneficial cooperation in a variety of areas.

China has been Thailand's largest trade partner since 2013, with bilateral trade volume hitting .4 billion in the first nine months of this year, according to the Ministry of Commerce.

China attaches great importance to improving its business environment and is doing the best in this area, said Han.

China has established 18 free trade zones across the country to experiment with new regulations and explore ways to improve the business environment that would later be replicated nationwide.