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China supports the new ROK government's positive efforts toward restarting talks with the Democratic People's Republic of Korea to improve relations, he said, adding that the international community should make joint efforts to play a positive role in easing the current tension.

China released a five-year plan on its rural vitalization, the first of its kind, at the end of September, outlining key tasks for 2018-2022.

China will ban property developers, real estate agencies, as well as internet finance and micro-loan companies from providing illicit down payment financing for buyers. In early November, the Ministry of Housing and Urban-Rural Development issued a regulation that rules out any kind of financing for down payments on buying property.

China now leads the world in new energy vehicle (NEV) development. Chinese auto companies including BYD, BAIC and Geely ranks among the top brands worldwide in terms of electric car sales last year, according to the China Passenger Car Association.

China plans to create about 10 mega coal companies by 2020 through mergers and reorganizations, as part of its long-standing efforts to cut overcapacity, said a top official of the National Energy Administration.