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China has implemented a variety of policies to improve population-related affairs and more efforts are expected in the future, Yang said.

China expects new energy vehicles to account for 10 percent of car sales by the end of the decade, according to a senior industry official.

China has made great efforts to cut the trade surplus. Focusing on expanding domestic demand, the Chinese government has intensified its economic restructuring via increased public investment and enhanced private investment in many aspects, with the aim to constantly expand its domestic market, said the report.

China has been stepping up efforts in recent years to allow foreign investors wider access into the domestic financial market. A mainland-Hong Kong bond connect program was approved in May this year and allows investors from both sides to trade bonds on each other's interbank markets.

China has planned to spend 300 million yuan on cultural relic protection in a decade starting 2018, in order to preserve ancient documents and anthologies at the Potala Palace.