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China's life insurance premiums dipped 4.75 percent year on year in the first 11 months of 2018 to 1.97 trillion yuan (about 8.8 billion), official data showed.

China's gross domestic product (GDP) rose from 54 trillion yuan to 82.7 trillion yuan; more than 68 million people were lifted out of poverty; 66 million new urban jobs were added.

China's increased integration with the global economy will be an essential part of the global economic recovery, said Carlo Filippini, an emeritus professor of economics at Bocconi University in Milan.

China's new round of reform and opening-up policies, and high-standard international trade platforms such as the China International Import Expo will build a comprehensive mechanism for Chinese companies to expand cooperation with global companies in areas from equipment procurement to production capacity cooperation in third-party markets, in particular Latin America, Southeast Asia and the Middle East, said Ke Liangdong, vice-chairman of the Beijing-headquartered China Council for the Promotion of International Trade.

China's move to raise tax rebates on some exports is expected to ease the burden on the real economy and stabilize foreign trade growth to cope with complicated global scenarios, particularly trade frictions, according to analysts.