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Infrastructure and building material shares led the increases, as China pledged to push the Belt and Road initiative.

China has vowed to eradicate poverty in the country by 2020, when China to become a "moderately prosperous society."

Driverless trains will be used on more planned lines, including an express line to the new airport being built in Daxing District.

China's box office revenues have been increasing at 30 percent for almost ten years. The slowing growth rate last year has spurred extensive concerns. However, Zhang disagreed that this suggests an inflexion point.

In the meantime, people-to-people exchanges have been greatly enhanced thanks to rapid expansion of direct flights serving China and ASEAN countries, with around 2,700 flights per week, he said.