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China is in the middle of capacity cuts in the bloated coal and steel sectors. Last year's annual targets to slash steel capacity by around 50 million tons and coal by at least 150 million tons were fulfilled in August and October, respectively.

China has rolled out a series of market-based economic reforms this year, including in the capital market. Big moves include registration-based reforms in new share sales on the tech-focused ChiNext board and the pilot program of publicly offered real estate investment trusts, both launched last month.

China has the world's largest mobile internet community with about 753 million mobile internet users at the end of 2017, official data showed.

China is Colorado's third largest export destination. In 2017, exports from Colorado to China amounted to 647 million US dollars. In 2016, Colorado's exports to China supported 10,900 American jobs, according to data from the US-China Business Council.

China is promoting the "third-party market cooperation" model under the Belt and Road Initiative (BRI), which will engage more developed countries in construction projects and strengthen international cooperation, according to a report issued by the global business service organization Ernst & Young on Tuesday.