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China is willing to work with the international community on the UN 2030 Agenda for Sustainable Development and the Paris Agreement on climate change, Zhang said in a speech delivered at the opening of the Eighth Clean Energy Ministerial and the Second Mission Innovation Ministerial in Beijing.

China should create a steady, fair and transparent corporate environment and gear up efforts to shape an open economy, President Xi Jinping said.

China still faces many challenges in maintaining stable growth, and "economic restructuring remains a long-term, arduous task", it said.

China will beef up pragmatic cooperation with Western countries and encourage them to sign bilateral extradition treaties or agreements on mutual assistance in criminal cases to help combat cross-border organized crime activity, including apprehending fugitives and recovering their ill-gotten assets.

China paid about .6 billion to overseas IP holders in 2017 after experiencing an average annual increase of 17 percent in such expenses since 2001, Li said. The improved legal system for IP protection and firm enforcement also have stimulated enthusiasm for innovation among enterprises and the public, he said.