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China has outlined a series of reforms to better orient the NEEQ to the needs and features of small enterprises, and support the quality growth of the real economy.

China appreciated that Japan has been firmly standing with China from the very beginning and thanked the country for the support and help from the Japanese government and society, he said.

China has led the world in solar-power capacity for the last three years, reaching 130 gW by the end of 2017, but much of that electricity has gone unused, with grids unable to absorb 7.3 billion kWh of solar-generated power in 2017, or 6 percent of the solar power China produced last year, the NEA said.

China has made strenuous efforts to restructure its economy, with focus on maximizing the potential of the economy through encouragement of innovation and support for the development of some key emerging areas such as new materials, artificial intelligence, internet and the digital economy.

China has entered the phase of pursuing high-quality development. While the nation enjoys many political, economic and social advantages, its current innovation capability is unable to satisfy the nation's need for quality growth, the communique said.