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China has been developing a robust financial infrastructure, extending the formal financial sector into previously underserved rural areas and establishing new financial service providers.

China cut its 2005 carbon intensity level by 46 percent in 2017, three years ahead of its goal of 40-45 percent by 2020. The country increased its forest stock volume to 15.1 billion cubic meters in 2015, five years ahead of its 2020 target.

China continued to be the main driver of global growth last year, contributing to about 30 percent of global growth, according to the report. The country's GDP grew 6.1 percent to 99.1 trillion yuan (.2 trillion) last year with GDP per capita exceeding ,000 for the first time in history.

China firmly supports the establishment of the State of Palestine, enjoying full sovereignty on the basis of 1967 borders and with East Jerusalem as its capital, Xi said while holding talks with Abbas at the Great Hall of the People in Beijing.

China has become the world's largest crude and gas importer, importing 440 million tons of crude oil and 125.4 billion cubic meters of gas in 2018, up 11 percent and 31.7 percent year-on-year. The foreign oil and gas dependence ratio reached 69.8 percent and 45.3 percent, according to China National Petroleum Corp's Economics and Technology Research Institute.