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China ceded the position to Japan as the biggest foreign lender to the US government last October as the country had spent a portion of its massive foreign exchange reserves to stem the depreciation of the yuan and to curb capital outflows.

China has made great efforts to cut the trade surplus. Focusing on expanding domestic demand, the Chinese government has intensified its economic restructuring via increased public investment and enhanced private investment in many aspects, with the aim to constantly expand its domestic market, said the report.

China champions the development of a community with a shared future for humanity, and has encouraged the evolution of the global governance system. The Belt and Road Initiative, part of China's efforts to boost the development of such a community, may continue to be a hot topic at the annual sessions and new measures may be formed.

China exported 1.42 trillion yuan worth of goods during the period, up 14.3 percent year-on-year, while imports edged up by 9.6 percent, reaching 2.88 trillion yuan.

China has established 75 overseas economic cooperation zones, creating around 200,000 jobs for relevant countries, he added.