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China is also a major driver of technologies important for the future, such as renewable energy, electric vehicles and batteries, he said.

China is expected to overtake the US in terms of total number of vehicles by the end of this year, said Cai Ronghua, a senior official at the National Development and Reform Commission, during a media briefing in April.

China has seen major improvements in environmental quality since 2013. The average PM 2.5 concentration, a measure of the most dangerous kind of air pollution, fell from 93.23 in January 2013 to 63.83 in the third quarter of 2018, according to an index compiled by the Asia Society. This is a fall of 35 percent. Water quality developed more slowly, but still improved 7 percent over the period.

China is determined to conduct market-oriented reforms, Li said. The Chinese government will make more pragmatic moves in deepening reforms with stronger determination and strength, transform functions of the government, and strengthen intellectual property rights protection and market regulation to build a globally-competitive business environment, he said.

China has pledged to increase annual trade with the Latin American region to 0 billion and foreign direct investment to over 0 billion for the five-year period between 2015 and 2019.