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New Delhi has expressed concern at the arrest of a former president.
The Finance Minister said the actual budget deficit would be around 2.7 per cent of GDP this year.
Russia is slated to host the 7th BRICS Summit later this summer.
The National People's Congress (NPC), China's parliament is the most powerful organ of state.
US defense spending still accounts for nearly 40 per cent of the global total.
The Central Bank will aim to lower inflation to 6 per cent by January 2016.
China's fiscal and monetary policies in 2015 amid slowing growth will be discussed by the country’s lawmakers this week.
The Central Bank will aim to lower inflation to 6% by Jan 2016 and further to around 4% by March next year.
Heilongjiang accounts for about a quarter of China’s total trade with Russia.
China’s official manufacturing purchasing managers index remained in negative territory.
