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China Railway Corp, the country's railway operator, aims to complete corporate system reform of its non-transportation businesses in the first quarter of 2018, said a source at one of these subsidiaries on Thursday.

China International United Petroleum & Chemicals Co Ltd signed contracts based on the price of the Shanghai crude oil futures with Shell and Chambroad Petrochemical last March and October, respectively.

China Energy, which has the largest coal-to-hydrogen production capacity globally, aims to further promote hydrogen energy to meet China's commitment to combating climate change, said Ling, who is also a member of the 13th National Committee of the Chinese People's Political Consultative Conference, the country's political advisory body.

China aims to lift its installed capacity of nuclear power units in operation and under construction to about 88 million kW by 2020.

China and the US account for about 40 percent of the world economy and bilateral relations between the two sides have developed and formed on the basis of differences in comparative advantages and competitive edges. The existing means of economic cooperation are a result of the trading behaviors of the producers and consumers from the two countries and a process that has been beneficial for both sides, said Liu.