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China hopes to combine its advantage in talent resources with advanced technologies overseas, and make good use of the internet platform, to promote technological progress that the world can share and benefit from, Li said.

China held about .08 trillion of US Treasurys as of January, up by .7 billion in that month, making it the world's second-largest holder after Japan. Foreign investors are holding about trillion worth US government bonds in total, according to data from the US Department of the Treasury.

China is rapidly developing in terms of innovation and a batch of high tech Chinese companies have emerged, said Yves Morath, counselor and head of the Swiss Business Hub China at the Embassy of Switzerland in China. He emphasized that the nation has become the most significant export market for Switzerland in Asia.

China is now the Philippines' largest trade partner, largest source of imports and its fourth-largest export destination. Bilateral trade reached .2 billion last year, a year-on-year increase of 8.5 percent.

China is expected to enact stronger measures, such as additional tax cuts and incentives for consumption and investment, to bolster the national economy next year, a stance that may be clarified at the annual priority-setting Central Economic Work Conference, analysts said.