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China sold 24.2 million vehicles in 2017 — four times the number just 10 years ago. The US, the next biggest market, had 17.3 million sales.

China sold 800,000 cars overseas last year, a meager 3 percent of what it sold in the domestic market.

China plans to lift at least 10 million people out of poverty this year, according to the annual government work report made by Premier Li Keqiang. The country will put more effort into developing local industry, education and healthcare, according to the report.

China remained home to the region's largest bond market, accounting for 76.6 percent of the region's total bond stock as of the end of June, added the report.

China is willing to actively participate in international cooperation on the digital economy and advance its healthy development together with other countries to create new drivers and new room for the world's economic growth, Xi said.