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China has its own strengths. This is especially the case with regards to its high-value labor resources, comparatively low land costs and relatively fair business environment with the world's most complete industrial categories, high efficiency, convenience and low cost supply chain, said Song Liang, director of the technology innovation research office at CCID Thinktank.

China currently ranks third in the world by installed off shore wind capacity, according to the IEA, and its ambitious renewable energy plans will see its offshore sector expand rapidly in the coming years.

China has agreed to further open up its service sector and expand bilateral trade in services with the United States, as the country is shifting its economy toward a growth model powered by consumption, services and innovation.

China began its research on combustible ice in 1998, as one cubic meter of combustible ice, a kind of natural gas hydrate, equals 164 cubic meters of regular natural gas.

China expects to become the second-largest market for wine by 2021, replacing the United Kingdom, as young consumers' preferences are evolving, experts said.