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China is already taking steps, and making large investments, to apply these principles to its cities.

China has the world's largest currency reserve, which rose for a sixth month in July to hit .1 trillion, increasing .9 billion from a month earlier, according to the central bank.

China introduced oath-taking for officials in January 2016, based on a legislative decision passed in 2015.

China is stepping up construction in the nuclear sector with all the main equipment being installed at the world's first demonstration nuclear power project using Hualong One technology in Fujian province, a domestically developed third-generation reactor design.

China is cautious and restrained in taking trade remedy measures, the minister said. This is the only trade remedy investigation initiated by the country since China and Australia established diplomatic relations. Australia, in the meantime, has initiated 100 trade remedy investigations against China. The country also launched three investigations on Chinese goods earlier this year.