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China is ready to work with ASEAN to construct the Belt and Road and implement the Master Plan on ASEAN Connectivity 2025 under the guidance of the China-ASEAN Strategic Partnership Vision 2030, Han said.

China has rolled out a series of market-based economic reforms this year, including in the capital market. Big moves include registration-based reforms in new share sales on the tech-focused ChiNext board and the pilot program of publicly offered real estate investment trusts, both launched last month.

China is presently the third largest wine market in the world by value. According to a joint report released in February by Vinexpo, one of the largest exhibitions for wine and spirits in the world, and UK-based International Wine and Spirit Research, the growth rate of the Chinese wine market is forecasted to exceed 30 percent over five years starting from 2017. By 2021, China would become the second largest wine market in the world with a value of billion, behind only the United States.

China hopes to use the 45th year anniversary to push China-EU relations to be more stable and mature, Wang said.

China implemented a number of medical reforms last year, including the introduction of a zero-tariff policy on imported anti-cancer medicines in April, and a 1 percentage point reduction in the VAT rate for the pharmaceutical sector in May.