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China will continue to improve the formation mechanism of the renminbi exchange rate to enhance its flexibility and keep it generally stable within a reasonable range, according to Wang Chunying, spokesperson with the State Administration of Foreign Exchange (SAFE).

China leads the world in solar power development. Its annual increase of new installed generation capacity has been the largest in the world since 2013. As of the end of September, China's installed photovoltaic capacity hit 120 gigawatts.

China joined the group together with Hong Kong -- later called China's Hong Kong -- and Chinese Taipei in 1991 because APEC recognizes the "one-China" principle and respects the differences between sovereign states and regional economies.

China saw growth slowing from 6.8 percent in 2017 to 6.6 percent in 2018, in line with the government's growth target of around 6.5 percent, the ADO noted.

China set up China Oil & Gas Piping Network Corp, a new centrally-administered State-owned enterprise, in December to be responsible for the investment, construction and interconnection of its main oil and gas pipelines so as to form a nationwide network for transporting crude oil, refined oil and natural gas.