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China is expected to replace South Korea as the world's largest flat-panel display producer in 2019, according to a report from the China Video Industry Association and the China Optics and Optoelectronics Manufacturers Association.

China is one of the world's largest markets for green finance. The country's central bank is set to play a key role in China's transition to a low-carbon economy, especially in promoting a "green" financial system.

China implemented the Foreign Investment Law in January, shortened its negative lists for foreign investment and introduced a number of policies to further optimize its business environment for global investors.

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 is planning to draw up standards on smart, internet-connected vehicles as well as autonomous driving, one of the nation's latest efforts to take the lead in the fast-evolving sector.