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China's 5G smartphone shipments are estimated to reach 140 million units in 2020, news outlet Yicai reported on Monday, citing estimate from an analyst at market research company Counterpoint Research.

China will deepen international energy cooperation and push ahead with major projects as the country works with others in promoting the Belt and Road Initiative, Han said.

China's benchmark Shanghai Composite Index fell 24.6 percent to 2,493.9 points in 2018. It, however, has made a strong rebound so far this year, rallying to exceed 2880 points Monday morning.

China will not introduce financial products such as carbon futures in the early stage as some other countries did because speculative behavior will do more harm than good in encouraging actual carbon reduction, according to Jiang.

China will make further progress in supply-side structural reform, accelerate the building of a country of innovators, deepen reform in fundamental key areas, and take tough steps to forestall and defuse major risks, carry out targeted poverty alleviation, and prevent and control pollution, said the statement.