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"China's economy stabilized in the first quarter of 2019, better than expected, and will hopefully achieve stable growth for the whole year… The banking sector will continue to step up the efforts to dispose of nonperforming loans and will keep pressing ahead risk prevention and control in key areas," said Liu Zhiqing, deputy director-general of the statistics IT and risk surveillance department of the CBIRC, the country's top banking and insurance regulator.

"China's foreign exchange reserves are expected to remain stable after assessing influences of both internal and external factors, although the global financial market will face uncertainties amid the continued economic recovery," said the regulator.

"China urges the US to treat Chinese companies in an objective and fair manner," Geng said in a statement, adding that the country will firmly defend the legitimate interests of its enterprises.

"Chinese residents are living a more sedentary lifestyle due to the development of sophisticated transportation systems and the widespread use of electronic devices," Zhao said.

"Compared with the requirements for China's economic and financial development in the new era, there is still huge room for the opening-up of our financial sector to domestic and foreign investment," Yi, governor of the People's Bank of China, said on Tuesday at the 2018 Annual Conference of Financial Street Forum in Beijing. "China will take advantage of the further opening of its financial sector as a crucial way to improve the quality of financial services."