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China's economic fundamentals, he said, are sound and its financial risks are generally controllable. "The Chinese economy has entered a phase of high-quality development, with a stable international balance of payment and generally balanced cross-border capital flow."

China's competitive advantage in the global supply chain has not been shaken by the novel coronavirus outbreak and the country will remain a hot spot for foreign investment, commerce officials said on Friday.

China's manufacturing and non-manufacturing PMIs stood at 51.3 and 55.3 in January, respectively.

China's gross domestic product rose 6.9 percent year-on-year to about 38.15 trillion yuan (.6 trillion) in the first half of 2017, data from the National Bureau of Statistics showed.

China's leading digital payment platform Alipay on Tuesday unveiled a three-year plan to support the digital transformation of 40 million service providers by working with 5,000 independent software vendors.