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China was home to 650 million kilowatts of renewable energy installations at the end of 2017, equal to 36.6 percent of the country's total installed electricity capacity, increasing 14 percent year-on-year, according to the report.

China will continue to grow as a global financial player in the coming years, according to former US treasury secretary Hank Paulson.

China should continue building civilian facilities on its Nansha Islands to provide more public services to the international community, a leading researcher on South China Sea affairs suggested.

China stands ready to deepen mutual political trust, expand pragmatic cooperation with Britain in various fields including the Belt and Road construction, and boost people-to-people exchanges so as to achieve sustained, stable and healthy development of bilateral ties, the spokesperson added.

China started related reforms in 2015 and has piloted the scheme in regions including Tianjin, Shanghai, Fujian, and Guangdong.