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China has set a target for new energy vehicles, which consist of electric cars, plug-in hybrids and fuel cell vehicles, to account for a fifth of auto sales by 2025, compared with the current 5 percent.

China has produced substantial achievements under the framework of the Belt and Road, having implemented a group of major energy projects, Zhang said.

China has refuted accusations by the United States that it failed to appear at senior-level virtual meetings, saying on Thursday that the remarks were "filled with distortion of facts".

China has the world's largest population and the second-largest economy. Together with an improvement in living standards, we see an astonishing achievement in the biggest high-speed railway network, the biggest highway network and the largest internet population in the world. China is an important market for Signify. After nearly a century of development, China has become Signify's second homeland. With more than 127 years of innovations, Signify's Philips brand lighting products entered China in 1920s. We established our first joint venture in Shanghai in 1985. Now, Signify's China headquarters and its second-largest R&D center are located in Shanghai.

China is expected to have 576 million 5G users by 2025, or over 40 percent of global consumption, according to a report released by global consultancy EY earlier this month.