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China is one of the world's largest oil buyers, with over 60 percent of its oil consumption coming from imports. China imported 349 million tons of crude oil in the first ten months, up 11.8 percent year-on-year.

China is expected to have a closer relationship with the global market, as carmakers are making the country a production base for exports, said a senior BMW executive.

China has suggested reducing control over fluctuations of the yuan's exchange rate, stepping up efforts to allow the yuan to float freely against other currencies, according to a report by a leading think tank on Saturday.

China is committed to facilitating peace talks on the Korean Peninsula issue and will only play a positive role, Lu said.

China is ready to work with other countries and the United Nations in supporting multilateralism and the free trade system, which are confronted by rising trade protectionism, Premier Li Keqiang said on Wednesday.