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China is recently mulling transfer of a further more than 521.71 billion yuan from 35 SOEs, with a transfer ratio of 10 percent of the state-owned equity, to replenish the funds, Peng added.

China has recently kicked off a pilot program for the luggage tracking system on three air routes between six major airports -- Beijing Capital, Beijing Daxing, Shanghai Hongqiao, Guangzhou Baiyun, Shenzhen Bao'an and Chongqing Jiangbei airports, according to the Civil Aviation Administration of China.

China has released a five-year plan on its rural vitalization strategy, the first of its kind, mapping out a number of major projects, programs and actions.

China is seeking to bring various financial institutions, international enterprises and funding sources together to get projects rolling in economies involved in the Belt and Road Initiative, said senior executives at Standard Chartered Bank.

China has previously set targets to double its economic size in the first two decades of this century, but no such targets were mentioned during the 19th CPC National Congress, which outlined a two-step approach to making China into a great modern socialist country.