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China has established a full-fledged distant-water fishery management system, implemented the strictest vessel monitoring system in the world and practices a fishery moratorium in the Southeast Pacific and the Southwest Atlantic, Wang said.

China faces a grim situation in terms of soil conditions, said Luo Qingquan, deputy head of the National People's Congress' Environment and Resources Protection Committee.

China has achieved huge development and there are many companies that are eager to be global leaders. The market is growing. For us, it's a natural step that all the companies that want to be important in the world, also need to be important in China. And the Chinese companies also want to be global players.

China has increased its technological competitiveness through growing investment in its own research and development, he added.

China has launched 18 commodity options over the past three years, and the country has become the world's largest market for commodity derivatives.