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China is seeking a transition to an innovation and service-driven economy from one heavily reliant on investment and exports of low-value-added goods, and advance first-quarter reports showed that some new growth engines are picking up momentum.

China is by far the largest issuer of green bonds among the world's emerging markets. Total Chinese green bond issuance in 2018 is estimated at billion, amounting to around 19 percent of total global green bond issuance last year.

China is cutting tariffs across the board. Effective on July 1, China's average tariff rate for clothing, shoes and hats, kitchenware, and sports and fitness supplies will be reduced by 50 percent, and that for home appliances will be lowered by two-thirds. Import taxes on vehicles and auto parts will also be slashed on the same day.

China is accelerating the development of rule-of-law for the protection of children online.

China is focusing on laying solid foundations for the healthier development of its new economic drivers, as the General Office of the State Council, China's Cabinet, released a guideline on concerted development of the e-commerce and express delivery industry on Jan 23.