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Last winter, some provincial regions in China experienced a short supply of natural gas, and residents in some areas even suffered supply failures. In the first half of this year, natural gas consumption rose by 17.5 percent year on year.

With the economy on firm footing and fiscal revenue increasing, China lowered its fiscal deficit target for 2018 to 2.6 percent of GDP, down by 0.4 percentage points compared with 2017.

"China's private businesses continued to take on a sound development momentum in 2017," Huang said, adding the private companies have steadily optimized its industrial structure with greater contribution to society.

He said China will continue to comprehensively deepen reform and unleash and develop productive forces under the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era.

The report also noted a rise of more than 20 percent in donations from foreign-funded enterprises and companies in Hong Kong, Macao and Taiwan, a faster increase than previous years.