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China was home to 650 million kilowatts of renewable energy installations at the end of 2017, equal to 36.6 percent of the country's total installed electricity capacity, increasing 14 percent year-on-year, according to the report.

China needs to open a special market for trading bonds in default. The proposed measure can help inject funds into the corporate financing market and tackle any heightened corporate credit risks. A complex mechanism for the purpose is under discussion, an expert told China Daily.

China recorded a higher youth unemployment rate in July, a traditional graduation period with a record number of university graduates expected this year, amid "a generally stable" employment situation, said the National Bureau of Statistics.

China will conduct research on reusable launch vehicle technologies to reduce launch cost. The number of annual launch missions of Kuaizhou series rockets will be doubled by 2023 and China would have developed world-class solid propulsion technology by 2025.

China lowered imported tariffs more than the most-favored-nation tariffs on over 850 goods from Jan 1, which brings benefits to companies and boosts the consumption of imported goods during Chinese New Year, said China Central Television news.