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China is Thyssenkrupp's largest market in Asia and the company has invested a total of 15 billion yuan in the country.

China is formulating a new development paradigm and the country's recent proposals for the next five-year plan and its development goals for 2035 reflected the changing and challenging environment, they said. These will effectively utilize the Chinese government's capacity to comprehensively coordinate macroeconomic policies to pursue high-quality growth and structural reform on the supply side, they added.

China is seeking to launch a green industry fund with the World Bank, part of which is expected to support the Belt and Road Initiative, a provincial economic regulation official told China Daily on Tuesday.

China held more than 6,400 officials in eight provincial-level regions accountable for environmental damage after inspections by central authorities from August to September.

China is pushing to form the blueprint of the East Asia Economic Community to jointly build the Asia-Pacific Free Trade Zone, Xi said.