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China is currently implementing a reform plan for the country's oil and gas industry, eyeing improved efficiency and competitiveness by giving the market a decisive role in the sector, including allowing private companies to take part in upstream oil-gas exploitation, encouraging midstream pipeline owners to split gas sales from pipeline business for more efficient allocation of resources.

China hopes the two countries will take positive steps and join hands to discuss an effective way to comprehensively resolve each other's concerns, making the political settlement of the Korean nuclear issue a sustainable process, Lu said.

China is expected to attain its economic growth target of 6.5 percent with the economic aggregate reaching 90 trillion yuan in 2018, said Ning Jizhe, head of the National Bureau of Statistics, in an interview with CCTV on Monday.

China has set up a massive coal chemical project in Ordos, the Inner Mongolia autonomous region, marking another step in the diversified and clean use of its abundant coal reserves.

China is forecast to be second only to the US in the total value of wine sales. Although exports to China represent only 4 percent of the all US wine exports, the Chinese market has grown more than 450 percent in the last decade, according to Wine Institute statistics.