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China's credit information index, an important indicator of the business environment, was ahead of some developed countries, according to a report from the World Bank.

China's information technology sector is developing rapidly. The country's information services sector saw a 76.4-percent annual growth in 2017, official data showed.

China's investment in property development grew 10.5 percent year-on-year in the first nine months of 2019, unchanged from the reading of the first eight months, the NBS said Friday.

China's current account surplus expanded in nominal terms to billion, or 1.4 percent of the GDP, in the second half of 2017 from billion, or 1.5 percent, in the second half of 2016. "But it remains significantly below its 2007 half year peak over 10 percent of GDP," the Treasury report said.

China's crackdown on shadow banking since the end of 2016 has reduced credit availability for private and small companies, although it contained financial systemic risk to some extent, said Xu.