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China's capital market is developing fast, but it is still young and far from perfect. The Chinese authority has never stopped making efforts to improve the mechanism. The debut of the STAR market will allow the market to play a fundamental role in allocating resources, which is critical to China's goal of seeking high-quality development.

China will continuously improve its energy efficiency and diversify its energy mix to achieve the 2030 target, said Zhang.

China will likely face more disputes when pushing for progress in negotiations and cooperation regarding the South China Sea, according to new situation report released on Tuesday.

China's AG600, the world's largest amphibious aircraft, makes its maiden flight in December in Guangdong province. [Photo/Xinhua]

China's Ministry of Commerce figures outlined that during the first four months of the year, foreign capital utilized in China was .6 billion, with that number constituting a tiny dip of 0.1 percent over the corresponding period.