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CCA is fully funded and ready to get involved in more public-private partnership projects, he noted.

By the end of April, the size of outstanding bond market debt was 90.1 trillion yuan.

CATL also has developed a simpler and less expensive way of packaging battery cells, called cell-to-pack, that eliminates the middle step of bundling cells. Tesla is expected to use the technology to help reduce battery weight and cost.

By the end of 2019, the outstanding amount of China's domestic green bond market stood at 977.2 billion yuan. The report forecasted that a total of 865.5 billion in green bonds in China will reach maturity in the next 5 years, representing 88 percent of the total outstanding, suggesting a significant opportunity for green bond refinancing.

By expanding areas of cooperation, cracking down on the "three evil forces", namely terrorism, extremism and separatism, and preventing the spillover effect of the hotspot issues, the SCO has made important contributions to lasting stability and prosperity of the region, he said.