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China, as a major country in energy consumption, has huge potential in energy conservation, he noted.

China's total trade with fellow SCO members rose by 19 percent year-on-year to 7.6 billion last year, with notable growth in exports of electromechanical products, construction machinery, and automobiles and auto parts, according to data from the Ministry of Commerce.

China's pursuit of high-quality development, which is expected to be discussed at this year's Central Economic Work Conference, means the country will shift toward a more sustainable and intensive way of expansion that will contribute to global prosperity, analysts said.

China's urban centers are growing rapidly, as is the number of "smart" cities throughout the country. More than 500 cities are being transformed into smart cities due to significant investment from both the public and private sectors.

China's urban unemployment rate dropped below 5 percent in October and the number of new jobs created in cities in the first 10 months stood at 11.9 million, already exceeding the whole-year target of 11 million, according to Liu, the NBS official.