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China's consumer price index, a main gauge of inflation, grew 1.7 percent year-on-year last month, the lowest level in 19 months and down from 2.4 percent in August, the National Bureau of Statistics said on Thursday.

China's imports from the continent in the first three months amounted to .4 billion, up 46 percent from a year earlier. Among them, agricultural products grew by 18 percent, according to the ministry.

China's growth outlook remains strong and offers an opportunity to accelerate re-balancing and other reform efforts, the IMF said.

China's huge foreign exchange reserves are also denominated in the US dollar. If China does not use the US dollar but chooses the euro or other currencies to settle its trade deals, it will shock the US dollar system. So the US will not take the risk of decoupling from China, because that will weaken the US dollar system.

China's manufacturing sector has also embraced cloud computing and AI, giving initiatives such as "Made in China 2025" real meaning. Major cloud operators including Tencent Cloud are building industrial big data platforms for Chinese manufacturers that can connect their facilities globally.