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China sold 10.39 million used cars last year, equivalent to 37 percent of total new car sales in the year while in developed markets such as the United States, they are usually more than double those of new cars.

China will also tighten the management of approval and funding for new office buildings. Office building maintenance must strictly follow approval procedures and maintenance standards, and no extravagant decorations or facilities will be allowed.

China launched a new domestically developed destroyer in Shanghai on Wednesday, marking a milestone in building a strong and modern naval force, according to the People's Liberation Army Navy.

China places high importance to developing its relations with Greece, Li said. He said China is willing to have closer high-level exchanges with Greece and deepen mutually beneficial cooperation. He also said that China encourages competent businesses to invest in Greece and is ready to expand the imports of high quality agriculture products from Greece.

China remains a critical region for venture capitalists, according to Forbes. Last year, funding to Chinese firms rose 19 percent to billion, hitting an all-time high, as industries including artificial intelligence (AI), robotics, and internet of things continue to attract investments.