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China is mulling to set up a financial court in Shanghai to effectively handle a rise of disputes and to provide a better business environment for investors from home and abroad, a draft said.

China is Canada's third-largest tourism source market, following the United States and the United Kingdom. According to Destination Canada, the government body promoting travel to Canada, an estimated 750,000 Chinese tourists visited Canada by the end of 2017, up 23 percent from the previous year.

China is glad to see that bilateral trade volume has seen substantial increases, defying the global trend of sluggish trade and investment, he noted.

China has yet to fully liberalize its capital account, with programs such as QDII and Qualified Foreign Institutional Investors (QFII) providing financial institutions with quotas for outbound and inbound investment, respectively.

China is not only a contributor on the operational side but can also influence humanitarian principles in terms of needs and actions, he said.