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China funded 15.5 percent of the total share of Africa's infrastructure development to become the largest single funder in 2016, according to professional services provider Deloitte. In the recent past, China has increased investments into the continent, particularly those channeled toward infrastructure under the Belt and Road Initiative, it said. From 2000 to 2015, the Export-Import Bank of China provided billion (51 billion euros; ￡45 billion) in loans to Africa, largely for the development of roads, railroads, airports and ports.

China didn't meet the "currency manipulator" criteria listed by the US Treasury, but Washington will continue assessing the RMB's performance given China's large trade surplus with the US, the report said.

China has attached great importance to the development of the rental market as an alternative route to more affordable urban housing.

China expects smart cars with partial or fully autonomous functions to account for 50 percent of new vehicles sold in the country by 2020, according to the National Development and Reform Commission.

China has advanced from being a large and highly populated but underdeveloped country, into a major economy that attracts national and international industries. Therefore, China plays a significant role in the global industry.