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"Charity organizations enjoy favorable tax policies because they are established for a public purpose. Therefore, they have a duty to disclose their information to the public in a timely manner," he said.

"China has made breakthroughs in a number of key technologies and equipment, including nuclear power, unconventional oil and gas, and gas turbines," he said, adding that innovation in areas such as smart grids, electric vehicles, large-scale energy storage and energy big-data are becoming increasingly dynamic.

"But more work is needed to build the basic trading mechanism before further opening-up," Hu said. "A priority task at the moment is to open the treasury bond futures market to domestic commercial banks, as according to the current law, they are still barred from such trading."

"China is not in favor of the so-called decoupling. … Some forefront technologies might affect national security and public welfare, and need to be included in catalog management," he told Xinhua News Agency in an article published on Saturday.

"China has always been a strategic market for CNH Industrial both for its size, as well as the potential for future growth…We will keep introducing the latest technologies and products that are customized to meet the demands of Chinese customers and provide them with the best in class service to maximize their productivity and efficiency," said Stefano Pampalone, president for Asia, Middle East, and Africa at CNH Industrial.