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China's top legislature adopted the revised Securities Law last month which laid the legal basis for the country to deepen capital market reform, step up investor protection and substantially raise the costs companies will face for engaging in illegal activities.

Chinese President Xi Jinping put forward a new four-point proposal on the Palestinian issue during his talks with Palestinian President Mahmoud Abbas earlier this month, Wang said.

China's total energy consumption will be capped at 5 billion tons of coal equivalent by 2020, according to a government plan for 2016 to 2020. This will amount to a 15 percent reduction of energy use per unit of GDP by 2020.

Chinese STEM education solution provider Makeblock announced its entry into the consumer business on Wednesday by launching two new products aimed at children at home to tap into the growing demand of coding education in the country.

China's private equity fund market has expanded quickly in recent years. It jumped 15.1 percent year on year in 2018.