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China is currently the biggest crude importer worldwide with a foreign oil dependency ratio of as high as 72 percent. The country has also been stepping up efforts in oil and gas reserve construction in recent years to ensure energy security.

China is forging ahead in renewable energy development amid its transition to a low-carbon economy.

China is gradually switching from an approval-based IPO system to a more market-oriented one based on registration.

China is not picking sides between east and west, rather, it is forging its own development path amidst a changing global landscape. This is in itself a contribution to the political development of mankind.

China imported 1.075 billion metric tons of iron ore in 2017, which accounted for 70 percent of global imports. Along with the growing domestic need for hedging, the world's leading consumer of iron ore has long been in demand of bigger say in setting commodity prices.