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He said Porsche has started a pilot project with local technology companies to combine their know-how as part of its efforts to better serve younger and more tech-savvy Chinese customers.

He said Huawei now has six offices in Spain and employs around 1,200 people, most of whom are Spanish.

He pledged to solve the country's loading-shedding issue after November this year. He said an additional 10,000 megawatts of electricity are being added to the national grid.

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He said he plans to spend the next few months to draw a big plan in order to mitigate the effects of climate change.

He said China's capital controls will continue to be a factor in Chinese outbound investments in 2018. "If you are a company where real estate and property development is your main line of business I think you will have a better chance of getting your foreign investment approved," he said.

He said carmakers used to have strict standards on their 4S dealerships, ranging from such aspects as decoration to test-drives, and all the costs are paid by the customers.

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He said that since entering the WTO, China has been a staunch supporter of the multilateral trading system, endeavoring to liberalize and facilitate trade and investment, safeguarding the dispute settlement mechanism.

He said China's spot demand growth potential might also be limited by high terminal capacity utilization and further growth in China's LNG demand might be limited by infrastructure constraints, as terminals are currently running above capacity in the key winter demand center of Northeast China.

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He said that looking ahead, areas of cooperation between China and Africa will be broader, and the private sectors from both sides will also play bigger roles.

He said about 10.4 percent of gross electricity demand will come from electric vehicles in 2050, while air-conditioners' share in gross electricity demand will reach 12.4 percent then.