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China's manufacturing activities continued to expand at a stable pace, according to the Caixin China Purchasing Managers' Index for manufacturing sectors, released on Wednesday.

China's local government debt soared during an investment and construction binge following the global financial crisis in 2008. Well aware of the risks, authorities have taken an array of measures to reduce the local debt burden.

China's increasing flows of people -- particularly students and tourists -- is an expanding business opportunity for businesses in destination countries, so companies can take advantage of such trends by adapting to Chinese tastes.

China's further opening-up is embodied by the lowered threshold for market access, which should be boosted with trade facilitation, Bai said. Reducing import tariffs is a vital means to improve trade liberalization and can help China buy high-quality products in the global context while promoting the industrial upgrade of its own economy, he said.

China's metropolitan cities saw an active office market in the first quarter, with the net absorption in Beijing, Shanghai, Shenzhen and Guangzhou witnessing an obvious rise this year, due to a growing demand for office space, a report by Haozu.com showed on Wednesday.