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As long as China continues to reform itself, he said, the World Bank is confident that the country will remain a major contributor to the global economy.

As important economies in the region and the world, the three countries need to cooperate with each other closer than ever before and jointly tackle challenges, Wang said at the opening ceremony of an international forum for trilateral cooperation in Beijing.

As of Tuesday, 2,531 km of embankments in the Jiangxi section of the main stream of the Yangtze River, the Poyang Lake area and nearby regions had seen water exceeding warning levels.

As new energy vehicle sales have been booming, global consumption of cobalt, a key element in the batteries of such vehicles, is estimated to exceed 30,000 tons in 2020, and China would consume about 45 percent of the metal, Lu Rixin, an analyst with Orient Securities, said in a research note.

As of the end of July, more than 16 million bikes will have been put into operation nationwide. According to Ofo, one of the major bike-sharing companies, the usage frequency of its bikes increased by 15 percent during the National Day holiday. Carbon emissions were reduced by about 78,000 metric tons, it said.