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"China's cruise transportation market has witnessed a robust growth since 2006, currently becoming the world's second largest tourist source market," Yi said at a news conference in Ningbo, Zhejiang province, on Wednesday, ahead of Thursday's Maritime Day of China.

"Consumption shot up 13.3 percent in the first two months of 2018 chiefly due to unusual weather conditions," he said.

"China's insurance depth, which was calculated by the premium to GDP rate, was over 4 percent last year, while the global average was over 6 percent," Rui said. "Also seen from the lens of average number of policies per capita, the number in the United States reached 6 while that of China was fewer than 1."

"Clean hydrogen is a transformational fuel that can be used to power vehicles, generate heat and electricity, and as a chemical feedstock in major industrial applications."

"China seemed to be emerging as a strong world power both economically and politically at the beginning of last year, but has since faced a number of challenges," he said.