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China rolled off the production line a prototype magnetic-levitation train with a designed maximum speed of 600 kilometers per hour in Qingdao on Thursday, filling the gap in travel speed between aviation and high-speed rail passenger transport in the country, according to its manufacturer.

China remains the world's important commodity exporter and e-commerce exports have replaced general trade amid stabilizing trade volume, showing good growth momentum, Zhang said.

China sets a good example for some other developing countries to embrace prosperity. But because one size does not always fit all, economies with different political systems and economic landscapes should find their own suitable development path, and join their efforts to address major global issues.

China now plays home to AkzoNobel's biggest single workforce, with 7,600 people accounting for 17 percent of a total of 46,000 employees worldwide. The company also reported revenues of 1.76 billion euros ( billion) last year in China, making the country its second biggest market.

China will also strengthen the creation, protection, and application of intellectual property to foster a culture of innovation, reads the report.