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China will be the only major economy to achieve growth this year, according to the IMF's latest World Economic Outlook reports. The Organization for Economic Cooperation and Development also noted China is the only G20 country expected to see positive economic output this year.

China is willing to continue to strengthen the political basis for bilateral ties and promote mutual trust and cooperation according to the principles of the four political documents between China and Japan, Wang said.

China plays an increasingly significant trade role for Asian countries such as India or Vietnam, which strive to increase income level and stimulate industrial development.

China sold 1.97 million cars in July, a five-month low, and the situation is not expected to improve soon, according to the country's leading industry association.

China should promote the marketization of the exchange rate formation mechanism, allowing the market to play a decisive role, said Zhou Jingtong, a senior researcher with the international finance institute of the Bank of China.