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China will double the number of its existing business aircraft in the next decade, and will become the world's third-largest business aviation market only behind the United States and the Europe, according to market observers attending the 2018 ABACE air fair in Shanghai.

China's GDP expanded 6.8 percent in the first quarter, higher than the government's annual target of around 6.5 percent. Data for the second quarter is scheduled to be released on Monday.

China will ramp up efforts to reduce financing costs for small and medium-sized enterprises this year, with the government ready to adopt a targeted policy tool to spur lending to small and private firms, Premier Li Keqiang said on Tuesday.

China will ensure all poor farmers have safe drinking water by the end of next year, as the country works to eradicate absolute poverty in about 18 months, a senior official said Thursday.

China will step up efforts to reduce its reliance on fossil fuels and improve its energy consumption mix to ensure improved air quality. It plans to cut carbon emissions per unit of GDP by 60-65 percent by 2030 from 2005 levels, while investing 2.5 trillion yuan (6 billion) in renewable energy by 2020, according to the National Energy Administration.