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China has achieved major progress during the 13th Five-Year Plan (2016-2020) in qualified development of its ports, having embarked on building world-leading ports with green and intelligent features. This is of significant importance to unblock seaborne trade and global logistics, said Chen Ying from the Port Administrative Office of the Transport Ministry.

China has maintained a high savings rate during its economic expansion, while the United States consumes a large amount of global products and services and has a very low savings rate, he said.

China has been on an initial public offerings (IPO) frenzy in the first six months of 2017, with 247 companies going public and more than 125 billion yuan (.46 billion) secured in IPO fundraisers, Securities Daily reported Tuesday.

China has been the world's largest new energy vehicle market since 2015. Last year, more than 1.2 million electric cars and plug-in hybrids were sold, around 4.5 percent of total vehicle sales in the world's largest vehicle market, according to the China Association of Automobile Manufacturers.

China continues to be the main engine of global economic growth, he said, with its economic restructuring and derisking of the financial system making progress, and its opening-up continuing to broaden.