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China has completed most of the peak stage of its rapid industrialization, which was accompanied by a massive trade surplus.

China has also made big strides in fostering a better business environment, as the country ranked 46th place out of 190 countries in the World Bank's newly released ranking list in 2018. While China ranked 78th place for ease of doing business in 2017.

China has announced the goal of helping all living under the current poverty line shake off poverty and eliminating absolute poverty by the end of this year.

China has all the confidence as well as capability to meet projected targets for economic and social development as the economy has strong resilience, great potential and ample room to maneuver, Ning said.

China has launched a series of major initiatives to further open up to the outside world, such as pushing forward with the Belt and Road Initiative, said, Gao Yan, chairperson of the China Council for the Promotion of International Trade.