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China is calling for more global efforts to develop intelligent connected vehicles to accelerate the commercial use of related technologies, a top official said on Thursday.

China has welcomed the move, applauding all efforts to reduce tensions and create a more peaceful atmosphere on the peninsula, which could pave the way for future diplomatic talks on the nuclear issue on the Korean Peninsula.

China imports more than 1 billion tons of iron ore annually. As such a large importer, China has a responsibility to provide transparent iron ore futures prices, Li said.

China is seeing expansion in service trade deficit in many sectors, including intellectual property rights, showing both the country's large market potential and the large gap in the service sector's competitiveness between China and developed nations, he said.

China is about to pilot E-ticket in some of its high-speed lines by the end of this year, reports the China News Service.