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China's LNG consumption jumped 47 percent from 25.7 million metric tons in 2016 to 37.8 million tons in 2017, surpassing South Korea as the world's second largest LNG importer, and becoming the largest contributor of global consumption growth.

China will improve mechanisms for integrating Hong Kong and Macao into the overall national development, realizing complementary advantages, according to the document.

China will expand high- and medium-end product imports to further promote consumption upgrades, spokesperson from the Ministry of Commerce said on Thursday.

China will make further plans for increased fiscal funds to directly benefit businesses and the people in a bid to enhance the foundation for economic recovery and growth, and ensure the full delivery of financial policies to support the real economy, the State Council's executive meeting chaired by Premier Li Keqiang decided on Monday.

China's advance also comes as countries including Germany, Japan, and South Korea are unanimously turning to translate technological findings into new commercial products, according to the report.