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China's economic circle believes, Liu added, that China's economy started its medium-speed growth in 2016. On the demand side, China's high growth was mainly driven by high investment. The demand side－China's export and investments in infrastructure projects and real estate－hit bottom at the end of 2016.

China's imports of natural gas surged 31.9 percent year-on-year to a record 90.4 million metric tons in 2018, according to statistics from the General Administration of Customs.

China's consumer price index, a main gauge of inflation, rose 4.5 percent year on year in November, primarily driven by surging pork prices, which rose 101.3 percent year-on-year last month.

China's economy contributes more than 30 percent to global economic growth. Its economic development in the past four decades has been established with the spirit, ingenuity and hard work of the Chinese people, combined with the reform of the economy and opening to foreign ideas and investment, Tim Cook, chief executive of Apple Inc, said at the opening ceremony.

China's massive demand is estimated to generate over trillion of imports of goods and services in the following 10 years. It will surely provide a lasting boost to global revival in the post-pandemic era, Huang added.