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China is now the world's second-largest catering market, with total revenue growing 9.5 percent to top 4.2 trillion yuan last year.

China is ramping up the integrated development of next-generation information technology and manufacturing for better productivity and high-quality development amid renewed efforts to sustain innovation-driven development in the long run, experts said on Tuesday.

China is the world's largest e-commerce market, accounting for more than 40 percent of the value of worldwide transactions, and in terms of mobile payments, China has a transaction value 11 times that of the United States, according to a recent report by McKinsey Global Institute.

China is increasingly gaining a greater presence in the global crude oil market in recent years, due to the internationalization of its currency, the launch of yuan-denominated oil futures, and easier access to the global crude oil market for domestic buyers, he said.

China is facing financial risks that have accumulated in the aftermath of the global financial crisis, adding some domestic cyclical, structural and systemic problems, said Wang.