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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.

China currently is working with the World Bank to make its agriculture industry more competitive and mitigate the effects of food production on the environment. More efficient, specialty fertilizers reduce soil containment and waterway pollution.

China entered the flood season on March 28, four days earlier than previous years.

China has been closing down its steel mills, partly to cut overcapacity but more importantly to fight air pollution. Steel mills are largely responsible for the severe air pollution in Hebei province, next to Beijing.

China enhanced management over foreign exchange reserves last year through tightening control over default risks in asset investments and maintaining liquidity, said Pan Gongsheng, SAFE's director and also a PBOC deputy governor.