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China's foreign trade volume totaled 6.57 trillion yuan (1 billion) in the first quarter of this year, falling 6.4 percent year-on-year. In the meantime, the country's exports dropped 11.4 percent to 3.33 trillion yuan, and imports declined 0.7 percent to 3.24 trillion yuan, according to customs data released on Tuesday.

China's money supply growth exceeded expectations last month and credit increased, further bolstering stable economic growth, the central bank said on Wednesday.

China's leverage level had been on the rise for some time, said Pan, but it was too simplistic to directly compare it with other countries.

China's foreign trade continued to pick up in November with notable growth and improved structure, official data showed Monday. The country's foreign trade expanded 7.8 percent year-on-year last month, with exports jumping 14.9 percent year-on-year in Chinese yuan terms. Imports dipped 0.8 percent from a year ago, the General Administration of Customs said.

China's long-term policy decision to join all multilateral platforms it can and exchange ideas and practices with global institutions has been "a good thing," said the president of the London-based multilateral lender.