The European Bank for Reconstruction and Development, the EBRD, will approve China's bid to become a member of the bank.

China will upgrade coal-fired power plants to cut pollutant discharge by 60 percent before 2020, saving around 100 million tonnes of raw coal and reducing carbon dioxide emissions by 180 million tonnes annually, the State Council pledged on Wednesday.

Sentiment towards renminbi-denominated assets has changed, as the currency becomes more widely used, and global investors look forward to greater access to China's capital market, said analysts.

China's railway authority has proposed a Silk Road high-speed railway connecting the country's northwest region to West Asia via Central Asia, a plan it said would overcome the cross-border connectivity problem of different rail standards.

China is likely to invest more than $1 trillion overseas in the next five years, Premier Li Keqiang said.

China is considering extending hukou, or household registration, to 13 million unregistered citizens, according to the Ministry of Public Security.