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China, which has the largest number of e-vehicle manufacturers worldwide and the largest network of charging points, has set a goal of selling 2 million new energy cars a year by 2020. "We are at the beginning of the revolution," he said.

China's recent monetary policy of fine-tuning toward more prudence other than money supply increases has pointed to policymakers' confidence in tackling long-term development challenges instead of stimulating short-term expansion as the economy is expected to further stabilize, Qiu added.

China's securities regulator will put into place more market-based reform measures to support the medium and long-term growth of the equities market, including the launch of a science and innovation board in Shanghai as soon as possible.

China, for the first time, leapfrogged into the top 50 of 190 economies regarding the convenience and transparency of doing business, according to a World Bank report, Doing Business 2019: Training for Reform, released on Wednesday.

China, for instance, maintains normal economic exchanges and trade with Iran that are conducted on the basis of conforming to its obligations as a signatory to the Iran nuclear deal and under international law.