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China, notably, is on track to eradicate extreme poverty by the end of this year, when it will become the first developing country to reach the "no poverty" goal of the UN, as laid out in the world body's Sustainable Development Goals.

China's post-COVID-19 economic recovery will rely on domestic demand after production resumption, and policy response should focus on expanding consumption and investment, economists said on Tuesday.

China's spectacular growth used to be built on cheap manufacturing, low-end exports and smokestack industries. Now, with a wealthier domestic consumer base as well as technological progress, it is reconfiguring the economy for more consumption, more innovation and less pollution.

China's shipbuilding business is also moving from quantity to quality, as the industry is becoming more intelligent and environmentally friendly.

Chinese President Xi Jinping and Kim had a historic meeting during the visit. They achieved significant consensus on continuing and developing China-DPRK traditional friendly relations, as well as enhancing strategic communication and cooperation between the two countries, thus starting a new chapter of bilateral relations, Wang said.