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China has been Skoda's largest market worldwide.

China has lightened the burden on businesses by reducing their costs by around 500 billion yuan over the past two years, and yet there is further room to help enterprises reduce costs, in particular electricity costs, according to Zhang Manying, a senior official with the commission.

China boasts a complete industrial system, a large domestic market, robust consumption potential, abundant human resources, competitive infrastructure and ample policy leeway, which will continue to buoy industrial development this year, Miao Wei, minister of industry and information technology, told a press conference.

China has also changed 75,000 underground oil tanks to two-layer tanks or added seepage prevention measures.

China has overtaken the United States as the world's largest green-bond issuer. Last year, the country issued over billion green bonds, or roughly 33 percent of the billion total issuance value, accounting for 65 percent of issuance value growth year-on-year in 2016, according to a report released by Bank of America Merrill Lynch in March.