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"Cutting fees is just as important as cutting taxes. But because there is a lot of flexibility with fees, some companies may work on finding loopholes to help them avoid paying. Yet by doing so they are also paying the cost of taking a risk," he said.

"China will implement a national strategy of actively addressing the climate change in accordance with its own national conditions," said Li, adding that China will continue to shoulder due responsibility and obligation and provide other developing countries, particularly small island countries, with aid within its own capacity and under the framework of the South-South cooperation to help them improve the capacity.

"China's economic volume is very large and it is now aimed at higher quality growth. We believe that the share of the Chinese mainland stock market in the global market will gradually increase," she added.

"China's remarkable progress in reducing extreme poverty has significantly contributed to the decline in global poverty," said Hoon S Soh, World Bank program leader for economic policy for China.

"Competition is intensifying among different countries in the digital trading sector. We believe, Beijing, as the national capital and a major science and technology center, should leave its mark in the sector," she said.