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China's foreign trade has been impacted by the ongoing epidemic and the country's imports and exports totaled 4.12 trillion yuan (0 billion) in the first two months of this year, down by 9.6 percent year-on-year, according to statistics from the General Administration of Customs.

China's opening up enables global companies to enter a robust market and the Chinese economy to see a boost in efficiency as companies advance under competition, Kuhn said, and "that's good for China and good for the world."

China's exports to the ASEAN stood at 7.09 billion during the first nine months, up 4.9 percent year-on-year. China's imports from the ASEAN hit 4.72 billion, a year-on-year increase of 5.1 percent. Vietnam, Malaysia, and Thailand were China's top three trading partners in the ASEAN. The nation's direct investment to ASEAN member states rose by 76.6 percent on a yearly basis to .72 billion.

China's first African swine fever case was discovered on Aug 1 in Northeast China's Liaoning province, which borders Inner Mongolia autonomous region. The disease has a mortality rate of virtually 100 percent in pigs but doesn't affect humans.

China's domestic industry has suffered substantial damage due to the dumping of such products by the United States, the ROK and the EU, the ministry said in a final ruling based on an anti-dumping investigation launched in June last year.