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China's development is not only an achievement for China itself but also a contribution to the whole world. China has been committed to opening its market wider to the world and deepening mutually-beneficial cooperation with other countries. This means China's progress in science, technology and innovation has delivered benefits to the people of the whole world. China has lived up to its responsibility as a big country, standing firm during the Asian financial crisis of 1997 and the international financial crisis of 2008.

China's international trade surplus in goods and services stood at 243.9 billion yuan (.4 billion) in June, official data showed.

China's factory sector activity grew at its fastest pace in a decade in November, according to a business survey released on Tuesday.

China's industrial output contracted by 13.5 percent year-on-year in the January-February period. Retail sales dropped by 20.5 percent, while fixed-asset investment declined by 24.5 percent.

China's financial market will also remain stable, given that the country's economic growth is stable, business efficiency is improving and consumer prices are running in a low range, according to Wang.