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China will promote price policies that are beneficial to green development, bring ecology environment costs in line with economic operation costs, and drive more social capital into environmental protection.

China will encourage one-stop financing and investment services for medium and small enterprises to expand their funding channels, and enhance credit support for enterprises in science and technology, according to a guideline of the State Council.

China's EV charging service market is expected to create an industry worth 2.2 billion yuan (5.9 million) by the end of 2020, the Natural Resources Defense Council said.

China will put more efforts into improving education, employment and basic research to realize high-quality growth, Premier Li Keqiang said.

China's announcement came shortly after the US administration released a proposed list of Chinese export products worth billion that would be subject to a suggested additional 25 percent tariffs.