The NSFC is the chief provider of funding for basic science research in China, while its budget for research programmes in 2011 came to 1.2 billion euro.
The Chinese side expressed interest in strengthening ties between the two countries in the area of research.
Diamantopoulou noted the importance of investing in research as a tool for exiting the crisis and described the framework of reforms and basic priorities in research, such as agriculture, renewable energy, IT, new materials and medicine.
The two sides examined the potential for enhancing cooperation in areas of mutual interest for the research priorities of both countries, such as stepping up research staff exchanges and funding joint research programmes.
On Tuesday, the Chinese delegation will be the presidents of research centres supervised by the General Secretariat for Research and Technology.