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"China has aimed at science and technology innovation and added R&D investment for years, which aligns with S&T breakthroughs. However, there is no direct link between R&D investment and the increasing number of patent applications. China's great input－such as in aerospace and military industry－is hardly apparent in the patent numbers," Zhang said.

"But there is no need to implement large-scale coal reduction measures later in 2017," said an official from NDRC, implying that coal prices are now at a reasonable level.

"China is a practitioner, promoter, beneficiary and advocate of multilateralism. And it is a common view for most of the nations worldwide to expand cooperation and promote co-development," remarked Chau Chak Wing, president of the Australia China Friendship and Exchange Association and chair of the Asia-Pacific Region of World Leadership Alliance-Club de Madrid President's Circle.

"But the threat from vehicle exhaust deserves more attention because it will contribute more to the air pollution in Beijing in the future," he said, adding that emissions from coal consumption and industrial production have been cut significantly in recent years.

"By further expanding the opening-up and forging a level playing market environment, it will help to ensure sufficient competition, optimize equity structure and regulating shareholders' behavior," Guo said.