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China's growing influence can be applied through the initiative to help other countries work through their differences and foster the development of free trade and investment, Kim told China Daily on the sidelines of the ongoing Belt and Road Forum for International Cooperation in Beijing.

China's healthcare market is expected to grow exponentially due to rising demand related increasing rates of chronic diseases and the healthcare sector's breakneck development pace.

China's industrial output exceeded 30 trillion yuan (.46 trillion) for the first time last year, with a notable rebound in industrial investment, which signals a rise in confidence toward the country's manufacturing sector, according to a top industry regulator.

China's housing market had a red hot start to 2017 with soaring prices in some major cities, but ended on a cool note after local governments rolled out a string of restrictive measures echoing the central government's call that "housing is for living in, not for speculation."

China's massive express delivery industry has joined the effort to fight the illegal trade in protected wildlife and products by signing a self-regulatory convention on Tuesday.