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China has been consistent in keeping its promises to address climate change, and measures have had positive ripple affects globally.

Asked whether he worried about China's economic slowdown, which may hinder innovation progress, Gates said he was quite optimistic about China's economic outlook.

The AIIB should adapt itself to new trends in international development and accommodate the diverse needs of developing members. It should explore new business models and financing tools, and help member states develop more infrastructure projects that are of higher quality and at lower costs. While developing countries make the mainstay of the AIIB membership, the institution also attracts a large number of developed members. Such a unique strength makes it a bridge and a bond to facilitate both South-South cooperation and North-South cooperation.

Of the prize winners in sci-tech progress, two won top honors. Chinese oil refiner Sinopec won for environmentally-friendly production of arene, an important chemical widely used in medicine and pesticide manufacturing. The other went to the Beijing-Shanghai high-speed railway.

Li said the country will carefully study market conditions to set a reasonable target for the next three years.