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It aims to create innovative green finance products and facilitate smart city development globally with its long-term partner -- China Green Finance Committee, and will consider incubating green-tech and fin-tech companies in the future.

Thanks to the implementation of the plan, China has enhanced synergies in manufacturing development strategies and promoted cooperation with Germany, France and other countries through multilateral or bilateral mechanisms, he said.

The vice premier noted that the Winter Olympics features two platforms of competition - one for sports and the other for media.

Yin said China will continue implementing and improving employment and entrepreneurial policies to create more jobs in 2018.

"In fear of losing their dominant place in the world, some of the Western countries find it difficult to adapt themselves to changes of the world order," Chen said.