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China has set a target to reduce the poor rural population by more than 10 million and take 300 counties off the country's list of impoverished areas in 2019 — an important year for winning the tough battle against poverty by 2020, State Council Leading Group Office of Poverty Alleviation and Development head Liu Yongfu said on Thursday.

China is producing more young entrepreneurs than ever before. The number of students starting businesses right after graduation rose from 1.6 percent in 2011 to 3 percent in 2017, according to a report by MyCOS Research and the Chinese Academy of Social Sciences. This means that more than 200,000 out of 7.95 million college graduates in 2017 became entrepreneurs.

China is ready to accelerate cooperation with ASEAN member states on social development and poverty eradication in the future, Chen said.

China is expected to become the largest energy storage market on a cumulative basis by 2023, surpassing the United States and leading the global market through to 2040, thanks to rising market demands and policy support, said a new report.

China hopes the two sides could solve the issue through consultation and dialogue.