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China's cross-border e-commerce sector has been growing exponentially over the past few years as the country's middle-and high-income shoppers are demanding increasingly diversified and personalized products and services.

China's labor market must be well-prepared to adapt to challenges brought by the rapid development of artificial intelligence, which is expected to replace 40 million to 50 million full-time jobs in the country within the next 15 years, according to a report released on Wednesday.

China's internet giant Tencent will take 42.48 percent of the new company and Gaopeng, a joint venture by US group-buying website Groupon and Tencent, will hold the remaining 6.52 percent.

China's economic growth has remained one of the strongest in the world, and people's livelihoods have continuously been improved, the president said, before calling on the nation to "roll up our sleeves to work harder".

China's clean energy drive will continue to grow for the foreseeable future, as the nation aggressively reduces its over-reliance on coal-power, said Joseph Jacobelli, a senior analyst of Asian utilities and infrastructure at Bloomberg Intelligence in Hong Kong. Solar power generation will also continue to steadily increase and take a larger share of electricity production, he said.