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He said China will continue to simplify administrative procedures and delegate powers to lower levels to invigorate the market, as well as carry out financial and fiscal reforms and make efforts to develop the real economy.

"Israel's settlement activities are the direct reason behind the stagnation of the peace talks. It's also the obstacle to the resumption of the peace talks," Li said, urging Israel to lift its blockade of the Gaza Strip as soon as possible and alleviate the humanitarian situation there.

"Our capacity still falls short of meeting the expectations of our African friends," Zhai said, adding that as Chinese businesses lack experience in international operations, there is great room for improvement in terms of localization and corporate social responsibility.

The frigate Yueyang is capable of long-range surveillance, as well as air defense and anti-submarine operations, according to the report.

Policy fine-tuning will be possible at the right time, it added.