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China may invest hundreds of billions of yuan in the near future to boost its semiconductor sectors, but the scale is still relatively small compared to industry giants such as Intel, which spends more than billion annually on research and development, Liu said.

China will continue to deepen the financial cooperation between Asia and Europe with reform and opening up as a driving engine, he added.

China vowed to participate in Arctic affairs in accordance with the basic principles of "respect, cooperation, win-win result and sustainability."

China saw the registration number of customs declaration entities (exporters and importers) jump 53 percent year-on-year to 26,709 in March, accounting for 67.72 percent of the country's total during the first quarter of this year, the General Administration of Customs said on Sunday.

China is walking the talk. China that used to offer just products now offers global solutions. With its notion of a global community of shared future and its Belt and Road Initiative, it is looking to establish a more equitable and balanced world. China's rise is not just good for China, but good for the entire world.