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China is willing to align the Belt and Road Initiative with Trinidad and Tobago's development strategy, Premier Li Keqiang said on Monday.

China set a goal of reducing steel capacity by 50 million metric tons in 2017, and will continue its drive in 2018, according to the National Development and Reform Commission, the country's top economic regulator.

China will continue to increase its market share in the traditional railway manufacturing sector by pushing more low-cost, high-speed trains, metro trains and related infrastructure into global markets, experts said on Monday.

China will become one of the largest markets for optical computing technology due to its rapid adoption of artificial intelligence in everyday life, thereby creating huge opportunities for foreign companies, according to a top industry player.

China will continue its opening-up to the world and export more services as it adopted a "dual-circulation" development paradigm, Zhu said. The paradigm involves "internal circulation" (domestic economy) and "external circulation" (global economy) and aims to integrate the former with the latter to create a new dynamic for domestic and global growth.