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China's futures market has been developing steadily amid reforms, but still needed to enhance its capabilities and market tools, Fang said. Trading of quite a few products had not been active in recent months, and wildly volatile prices could affect the risk management of companies, Fang said.

China's new-energy cars are expected to reach up to 6 million by 2020 when 200,000 tons of power batteries are estimated to retire. The retired battery piles, if not properly dealt with, will pose a great threat to the environment.

China's food delivery industry expects to account for more than 20 percent of the catering industry this year, the People's Daily reported on Wednesday.

China's home-share market sales reached 14.5 billion yuan (.15 billion) in 2017, up 71 percent year-on-year. This figure is expected to reach toward 50 billion yuan by 2020, said a report published by the State Information Center, a public institution affiliated to the National Development and Reform Commission.

China's energy mix is entering a new era. Energy policy emphasis is now on green electricity, natural gas and cleaner, high-efficiency digital technologies.