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China is the world's largest producer and consumer of pork, which accounts for more than 60 percent of the total meat production in China, according to the ministry.

China is expected to invest about 800 billion yuan (4.29 billion) in railways, about 1.8 trillion yuan in highways and waterways, and 90 billion yuan in civil aviation, the Ministry of Transport said on Thursday.

China is expected to become the world's largest market for organic light-emitting diode (OLED) televisions in the next two or three years as increasing numbers of affluent consumers want premium TVs that deliver outstanding picture quality and wider viewing angles, industry insiders said.

China is also starting to allow foreign capital to have majority shareholdings in publicly offered fund management companies.

China is the net importer in China-US agricultural trade due to differences in resources between the two countries and China’s increasing demand. Increasing trade in agricultural products can benefit consumers in China and producers in the US, he said.