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China has 165 million skilled workers, including 47.9 million who are classed as highly skilled. Every year, more than 100 million people have access to technical and vocational education and training, he said.

China has been the world's largest market for new energy vehicles since 2015, with around 3.5 million on its roads and most of them produced by local makers such as BYD and BAIC's new energy arm, Beijing Electric Vehicle Co.

China had 152 gigawatts of grid-connected capacity at the end of 2016 compared to about 131 gW at the end of 2015. The government is officially targeting 210 gW by the end of 2020, which is a level that should be achieved easily.

China had more than 286.5 million migrant workers at the end of 2017, up 1.7 percent from one year earlier, and the pace of growth picked up from 1.5 percent in 2016 and 1.3 percent in 2015.

China has a relatively low level of nonperforming loans, compared with some other countries, thus the regulators will have more room to adjust the policies, according to the PBOC official.