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China has made great achievements in poverty alleviation over the past six years since the 18th National Congress of the Communist Party of China in November 2012. The number of people living in poverty has decreased from 99 million in 2012 to 16.6 million last year, Liu said.

China designed the sci-tech innovation board in a bid to leverage financial reforms to boost the development of high-tech sectors and advance economic transition.

China could be one of the leading countries in the world to have a retail-based central bank digital currency, said analysts.

China has also firmly pushed ahead with green development. The country's energy consumption for every 10,000 yuan of its GDP fell 3.1 percent year-on-year in 2018. Its structure of energy consumption has kept improving, with the proportion of clean energy in the total energy consumption increasing by about 1.3 percentage points from the previous year, according to the National Bureau of Statistics.

China has built 25 gas storage facilities with a total capacity of 11.7 billion cubic meters in the past 20 years, serving 200 million residents in 10 provincial-level regions, according to CNPC.