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China's gross domestic product (GDP) is expected to have a growth of 6.3 percent in 2019 and 5.9 percent in 2020, but there is a big uncertainty surrounding the Chinese economy, the report said.

China's consumer price index, a main gauge of inflation, rose by 0.5 percent on a yearly basis in October, declining by 1.2 percentage points from September.

China's industrial output rose 5.7 percent year-on-year last year, hitting its annual growth target range of 5.5 to 6 percent. It showed that China has stabilized the economic fundamentals against growth pressure and external turbulence, said Miao Wei, minister of industry and information technology.

China's demand for steel has peaked and the coming 14th Five-Year Plan period (2021-25) will witness a decrease in steel consumption in the construction industry, while demand in the manufacturing sector is expected to remain at the same level, according to a senior official.

China's deployment of artificial intelligence technologies in the healthcare industry will continue to boom in 2018, better serving grassroots medical institutions in particular, according to industry experts.