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China's top economic planning body is urging for efforts to improve ways to promote electric cars and plug-in hybrids, as part of the country's overall eco-friendly production and consumption campaign.

China, together with many countries, is working to transform this concept into reality.

China's recent strict cross-border capital flow management and its reform of its foreign exchange regime, such as using a countercyclical factor in fixing the yuan reference rate, have worked and helped stabilize the scale of the reserves, he said.

China's successful economic growth over the past decades has not only accumulated wealth, but also improved the competitiveness of companies, which he believes "the Western companies and particularly American companies would not have thought could go so far."

China's special economic zones, which are marking the 40th anniversary of their establishment, have powered the country's economic transformation over those four decades, according to experts.