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At present, Japan is China's fourth largest trading partner and second largest trading destination, while China is Japan's largest trading partner, Song said, adding that in 2018, tourist arrivals from the Chinese mainland to Japan reached 8.38 million and people-to-people exchanges between the two countries hit a record high of more than 10 million.

Although facing downward economic pressures, China has strived to maintain financial stability, without saddling the economy with excessive money supply. The country has maintained stability of its monetary policy, with timely and pre-emptive fine-tuning, and kept the yuan exchange rate basically stable at a reasonable and balanced level.

BEIJING, June 3 (Xinhua) -- China's Ministry of Education on Monday warned students and scholars of the risks of going to study in the United States citing U.S. visa restrictions, urging them to step up risk assessment and make corresponding preparations.

Since the beginning of this year, China's forex market has been operating steadily with rising inflow of overseas capital, increasing forex reserves and stable market expectation, he added.

China needs to reduce people's savings rate from around 25 percent to a lower level by building a sound social safety net, according to Gill.