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China's recovery "is probably the most positive factor for the world economy and also for Asia," said Rajiv Biswas, executive director and Asia-Pacific chief economist at consultancy IHS Markit. The world's second-largest economy "is a huge market for exports for most of the other Asian countries, and also for Australia and for New Zealand".

China's sovereign wealth fund pledged to its stakeholders in the annual report that it is well positioned to withstand short-term market volatility as a long-term investor.

China's stance on opposing the deployment of THAAD is unlikely to change, since it is related to the strategic security of the nation, Jin said.

China's target year for the eradication of absolute poverty is 2020, which means that around 5.51 million people who remained impoverished at the end of 2019 will be lifted out of poverty by the end of this year.

China's southernmost city - Sansha, Hainan province - will celebrate its fifth anniversary in July and will soon have a new Party chief and mayor.