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China sent out invitations for coalition partners early this year and the coalition is expected to be launched in April 2019, said Guo Jing, head of the international cooperation department of the Ministry of Ecology and Environment.

China supports Europe's integration process and has been treating the European Union as strategically important, Wang said. He added that China is ready to work with the EU to elevate ties to a new level.

China should improve its monetary policy management, squeeze out insolvent enterprises, and strengthen financial regulatory framework to prevent the eruption of systemic financial risks, said Huang Yiping, an economics professor of Peking University and a central bank advisor, in an article of the International Economic Review journal, published by the Chinese Academy of Social Sciences.

China remains one of the top three investment destinations for 63 percent of respondents in a survey conducted earlier this year by the European Union Chamber of Commerce in China and global consultancy firm Roland Berger.

China will always be a builder of world peace and a contributor to global development, as well as a defender of the international order, he added.