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China helped fuel a surge in global growth for the asset management industry last year, according to a new report from the Boston Consulting Group.

China is the world's most populous country and also one of the largest carbon dioxide emitters. In recent years, it has stepped up its efforts to reduce emissions by cracking down on heavily polluting factories and promoting renewable and clean energy alternatives.

China is transforming from being the world factory to an innovation-driven nation by embracing a fresh wave of innovation, a new report said.

China is promoting the use of clean energy to reduce its dependence on coal, but the latter still accounted for 60.4 percent of the country's energy consumption in 2017. The share narrowed by 1.6 percentage points from the previous year.

China is expected to have around 450 civil airports by 2035 to meet people's burgeoning demand for air travel, according to the civil aviation authority on Tuesday.