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China has pledged fresh efforts to push forward the construction of "new infrastructure", including next-generation information networks, 5G applications, as well as building more new energy vehicle charging facilities to promote the wider use of new energy automobiles, the Government Work Report delivered at the annual national legislative session said.

China has worked to build a multi-level capital market that satisfies growing funding demand from all kinds of companies, no matter how big or small, with measures taken to reform the stock market and encourage direct financing.

China has seen the rapid development of rail transit in recent years.

China is looking to host 10 AI innovation development pilot zones by 2020. Shanghai was chosen as one destination to water-test breakthroughs in AI-related technology, policy, social impacts and governance, said Zhang Xu, vice-director of department of strategy and planning at the Ministry of Science and Technology.

China invested 7.7 billion in developing renewable energy, ranking it first in the world for six consecutive years. Its renewable power installed capacity reached 650 million kilowatts in 2017, accounting for 30 percent of the world's total, according to Xie.