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China has pledged to eradicate extreme poverty domestically by the end of 2020. The country's poor population, which stood at more than 98 million at the end of 2012, was cut by two-thirds in the most recent five-year period.

China has reached an agreement with the United States to double the number of passenger flights that each other's airlines can operate between the two countries from four to eight per week, according to China's civil aviation regulator.

China has very tight policies on approval of GMO products that can be sold for consumption. Most approved GMO products available on the domestic market are imported, Wang said.

China imported more than 98 million liters of French wine between January and March this year, according to customs figures, a 15.7 percent increase on the same period last year.

China has the third-largest equity and bond market in the world. Although foreign ownership of Chinese bonds and shares so far is only running at only about two percent, analysts expect this to change, following an array of recent policies by the Chinese government that open-up China's financial market for foreign access.