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China has been offering financial incentives since 2010 to stimulate the popularity of new energy cars. Bloomberg reported that the subsidies had cost the Chinese government 59 billion yuan by 2015, and it may need to set aside 83 billion yuan more for 2016 and 2017.

China continues to build an average of two billion square meters of new buildings every year, driven by population growth, urbanization, and unprecedented economic development. As such, the building sector already accounts for approximately 20% of China's total primary energy consumption and 25% of GHG emissions. In the next 20 years, Chinese cities are expected to add a further 280 million citizens, as China becomes 70% urbanised.

China believes in equality among nations regardless of their size, wealth or strength, seeks no political self-interest in cooperation, fully respects the sovereignty of African countries and supports Africa's independent exploration of development paths.

China has lodged solemn representations several times to the US over the sale, which gravely violates the one-China principle and the stipulations in the three China-US joint communiques, Geng said.

China has been making efforts to reform and develop the global governance system and Xi emphasized a shared future for mankind in his keynote address.