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China will support and safeguard multilateral trade and advocate facilitated investment and liberal trade against the backdrop of the complicated and changing international context, Li said. He added that China will press ahead with reform and open its door even wider, and lend more efforts to maintaining steady and improving economic growth.

China's GDP grew by 4.9 percent year-on-year in the third quarter of this year, compared with a 1.6 percent contraction in the first half. Growth in industrial production resumed to the pre-COVID-19 level in October, with exports notching up double-digit growth from a year earlier.

China's AI market scale reached 23.74 billion yuan (.46 billion) in 2017, up 67 percent year-on-year. Computer vision, with its core technologies such as image and video identification, had the largest market scale — 82.8 billion yuan last year, accounting for 34.9 percent of the total.

China will focus on leveraging its institutional advantage and creating a more consistent and institutionalized rule of law to upgrade its growth model and build a high-standard and open economic system. It's a focus that became more clear after a recently concluded key Party meeting laid out the goal of modernizing the country's socialist market economy and its economic governance capacity, experts said.

China's State Administration for Market Regulation announced Wednesday that it has fined Changan Ford 162.8 million yuan (.6 million) for violating China's anti-monopoly laws.