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China remains capable of attracting global investment this year, as foreign direct investment from non-financial sectors into the Chinese mainland grew 4 percent year-on-year to 87.57 billion yuan (.68 billion) in January, data from the Ministry of Commerce showed.

China passed its first regulation on the qualifications and classifications needed for hotel ratings in 1988 after opening up to the world and receiving an increasing number of overseas tourists. The regulation has been updated and adjusted several times, the most recent being in 2011.

China should continue to implement the strategy of innovation-driven development, improve the environment for entrepreneurship and innovation and upgrade the manufacturing and service sectors, Li said.

China respects the Arctic States' exclusive jurisdiction over research activities under their national jurisdiction, and stresses that all states have the freedom of scientific research on the high seas of the Arctic Ocean, it said.

China launched a new round of debt-to-equity swap programs in 2016, aiming to reduce debt ratios by allowing creditors to take equity stakes in place of debt repayments, to avoid pushing debtors into default.