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China's stable economic growth has provided a solid foundation for dealing with external changes, as the global financial market showed fluctuations since May, and some emerging economies suffered capital outflows and currency depreciation pressure, said the spokesperson.

China, the world's most populous country, has been one of the main drivers and beneficiaries of globalization. Since the country started its reform and opening up in 1978, the Chinese economy has transformed and 500 million Chinese people, according to the World Trade Organization (WTO), have been lifted out of poverty.

China, as a major contributor to the 5G standard, is aiming to commercialize 5G services in 2019.

China's stronger-than-expected growth in the second quarter has prompted economists to upgrade their growth forecast for China. Some projected that the country's GDP growth could return to around 6 percent on a yearly basis by the fourth quarter. If the pandemic does not worsen, China's full-year growth rate could exceed 3 percent, they said.

China's top leadership pledged at the Central Economic Work Conference in December to speed up financial sector reforms and continue improving the underlying framework of the capital market.