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China has been the world's largest new energy vehicle market since 2015. In the first 10 months of this year, 860,000 such vehicles were sold, and the China Association of Automobile Manufacturers expects sales to hit a million in 2018.

China calls on the APEC economies to make joint efforts to maintain openness, support a multilateral trade system and facilitate trade and investment, Li said, adding that the building of an Asia-Pacific free trade zone should be pushed forward.

China has become the new leader for investing into renewable energy in recent years, anchoring the clean-energy industries with confidence especially after the US decision to withdraw from the Paris climate agreement.

China has decided to stimulate domestic consumption in automobiles, household appliances, online shopping and other sectors, which is expected to keep the economy stable in the wake of downward economic pressure the country started to face last year.

China has emerged as the world's second-largest cruise market by passenger volume, with 4.89 million cross-border passenger trips last year, said a green paper on China's cruise industry. It was published jointly by the Shanghai University of Engineering Science and the Shanghai International Cruise Business Institute.