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China has taken an active part in the transformation of the G20 group. After successfully hosting the Hangzhou summit last year, China worked together with this year's host Germany to ensure a continuation of the consensus reached last year, Wang said.

China is going to further open its insurance market to foreign investors, and regulators are striving to make it more attractive to foreign insurance institutions, said Chen Wenhui, vice-chairman of the China Insurance Regulatory Commission.

China has worked out a guideline on improving transportation services for the elderly and the disabled and plans to establish a service system for barrier-free transport by 2020.

China is concerned with the developments, Lu said, adding that Turkey is a key emerging market and its stability and development benefits peace and stability.

China has proposed realizing denuclearization on the Korean Peninsula while establishing a peace mechanism. The proposal is that the DPRK suspends its nuclear and missile activities in exchange for the suspension of large-scale US-ROK military exercises.