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"China's statistics work has played a significant role in economic and social development, and the supervision of statistics work has been improving," said the report submitted to the standing committee at its four-day bimonthly session.

"China's push to upgrade its sprawling manufacturing sector could bring new opportunities to foreign companies and more efforts will be made to create an open and transparent business environment for them to invest and do business in China," Miao said.

"Chinese companies may overlook the regulatory and compliance complications of investing in the country. These include an intricate tax regime and stringent rules around employment and data protection."

"China's economic development is a huge opportunity for Japan and the world," Abe said. "It is welcomed," he added.

"Compared to long-term growth of the overall market and certain sectors, active investing quite often records lower growth and yields.