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China will account for a third of new wind and solar power installations. Its coal use peaked four years ago and solar is expected to become China's cheapest source of new electricity additions, even surpassing natural gas by 2020 and coal by 2030.

China was the third-largest export market for the US in 2016, trailing Canada and Mexico, the report said. Total US goods exports to China stood at 3 billion in 2016.

China said on Tuesday it has worked with Sri Lanka on the Port of Hambantota in an equal and mutually beneficial way, dismissing United States media reports that it took over the port through "a debt trap".

China will continue to step up high-level exchanges with the EU and EU member states, fully leverage the role of the China-EU Summit in providing strategic guidance to China-EU relations, further implement the China-EU 2020 Strategic Agenda for Cooperation the two sides jointly formulated in 2013 and discuss follow-up plans, and reinforce inter-governmental exchanges and dialogues at various levels. Exchanges on an equal footing and mutual learning should be enhanced between our legislatures, political parties, localities and social groups. China and the EU should expand practical cooperation in various fields and engage in third party cooperation. These exchanges and cooperation will help the two sides draw on each other's strengths, embrace sound interactions and achieve common development.

China just upgraded its foreign trade legal system to reinforce the protection of its own industrial and growth interests, he added.