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China's high growth in the wake of the 2008 financial crash reflected its high economic growth potential and the strong growth momentum helped by its full-fledged entry into the global economic trading system in 2001, but it also reflected the very effective policy response to the shock of the crisis, the expert said.

China's imports and exports are set to show further improvement in March, based on information collected from local governments and various industries, said Gao Feng, spokesperson for the ministry. The General Administration of Customs is, however, yet to release the official foreign trade data for the first quarter of this year.

China's economic rebound bodes well for Southeast and East Asian countries, stimulating regional growth even amid the coronavirus pandemic, analysts said.

China's online retail sales surged 34 percent year-on-year to 5.54 trillion yuan in the first 10 months of this year, surpassing the 10.3 percent increase in overall sales of consumer goods, official data showed on Tuesday.

China's installed capacity of clean energy has reached 660 gigawatts (gW), while installed thermal power capacity stood at 900 gW, said Liu Baohua, deputy head of National Energy Administration (NEA).