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"China has become the largest producer globally of electricity from bioenergy, and with major new initiatives across heat, electricity and transport, the country is anticipated to provide almost a fifth of global bioenergy growth by 2023," he said.

"China has made positive progress in strengthening its financial regulatory system and resolving financial risks since the Party's 19th National Congress in October under the leadership of the CPC Central Committee, with Xi Jinping, general secretary of the committee, at the core," he told a special consultative meeting of the Chinese People's Political Consultative Conference, the country's top political advisory body.

"China can learn from the US's mature system of investor protection and make adjustments in accordance with Chinese culture," Li said. "But it takes time to promote related improvements gradually."

"China has signed 103 cooperation documents with 88 countries and international organizations on jointly constructing the Belt and Road Initiative during the past year. 255 of the agreements reached during last year's forum are under progress with 24 of them progressing steadily," said Meng.

"But, unfortunately, the security situation in the last years has deteriorated," he said, noting that this allowed terrorist groups to take root.