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China is willing to bring new opportunities for common development to all countries, help other countries develop an open economy suited to their own actual conditions, and contribute to building a global community of shared future, according to the report.

China needs to further open its market, transfer more scientific and technological achievements, and cultivate talent in order to accelerate the growth of the digital economy, Tang also said.

China is willing to work with New Zealand to further take advantage of their complementarity and press forward with negotiations on upgrading bilateral free trade pact, the Chinese premier said.

China too is tightening its regulatory requirements on environmental protection and pushing ahead with the reduction of excess capacity. These efforts will also cut the country's demand for commodities and affect the shipbuilding business, he said.

China will allow local governments to issue up to 200 billion yuan (.6 billion) of special-purpose bonds to purchase convertible bonds and other qualified capital instruments of small and medium-sized banks in 18 regions, said Liu Rong, deputy director of the CBIRC's city commercial bank supervision department.