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"China traditionally tends to opt for stability, including foreign exchange stability, at times of international turmoil, building up a reputation as a responsible international actor," said Kuijs. "At times of anxiety about the country's economic outlook, supporting the yuan also serves to prevent financial outflows."

"China's economy is expected to post steady growth in 2018 thanks to the continuing structural reforms, simplification of administrative procedures, and implementation of an innovation strategy, but potential risks in the economy should also be monitored," Yi said.

"China's National Development and Reform Commission set a minimum domestic production target of 200 million tons for 2020 in the 13th Five-Year Plan (2016-20). Achieving that target requires a 2.8 percent yearly growth in 2019-20," she said.

"China will not close its doors and will open even wider," Xi said, adding that foreign companies will find China's market "more open, more transparent and more orderly". The large population remains a bonus of China's economy and Chinese market potential is great, he said.

"Chinese brands will step further onto the global stage with their products, technology, management and investment, which will bring benefits to people across the world," he said.