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China's natural gas consumption surged 18.1 percent to 280.3 billion cu m last year, accelerating from a rise of 15.3 percent in 2017, amid the country's efforts to tackle environmental pollution, according to the NDRC.

China's grain output grew at an average annual rate of 2.6 percent from 1949 to reach 658 billion kg in 2018, managing to feed around 20 percent of the world's population with only less than 9 percent of the world's arable land, according to the report.

China's economy is undergoing an important stage of structural transformation. Innovation will play a central role in driving long-term growth, so I believe this development will be a positive one for the country's future in the years to come.

China's fast-expanding wealth management industry has been considered a source of financial risk, as off-balance-sheet WMPs channel deposits into risky investments without enough regulation.

China's consumer inflation will further ease in the rest of the year, providing policy opportunities for Beijing to cement the country's nascent recovery in market demand, experts said on Wednesday.