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China's digital economy reached 16 trillion yuan (.3 trillion) in the first six months of 2018, accounting for 38.2 percent of the country's overall GDP growth, according to the China Academy of Information and Communications Technology.

China's opening up offers mutual benefits to the world. In 2018, China's GDP accounted for 16 percent of the world's total, but its contribution to world economic growth remained at nearly 30 percent.

China's economy has remained in firm shape this year, expanding 6.7 percent in the first three quarters and on track to meet the government's annual target of around 6.5 percent.

China's leadership has announced a series of measures to expand opening-up and has moved ahead to lower the import tariffs on vehicles and auto parts, anti-cancer drugs, and daily consumption goods, and to eliminate specific measures such as restrictions on the proportion of foreign ownership of banks and financial asset management companies. The country's initiatives in opening up the market have greatly reduced or even eliminated the doubts of the international community regarding the prospects of economic globalization, and have also injected new dynamism into the recovery of the world economy.

China's cross-border capital flows are expected to remain stable this year given the relative positive external environment and strong economic fundamentals, a senior official with the nation's top foreign exchange regulator said on Thursday.