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China expressed concern over an unprecedented "existential crisis" confronting the World Trade Organization and has submitted a proposal on WTO reform, according to the Ministry of Commerce on Tuesday.

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 can attain positive economic growth in 2020 and reach its major targets for the year, but will only do so after making arduous efforts to overcome risks and challenges, Premier Li Keqiang said on Tuesday.

China could favor Airbus and actually come out ahead in job numbers,"he said. Cai von Rumohr, an analyst who covers Boeing for Cowen and Co, believes that China's options in regard to Boeing are limited.

China currently has 19 State-owned asset investment companies. They include the China Merchants Group, China Minmetals Corp, China Communication Construction Group and China Poly Group Corp. There are also two State-owned asset operation firms, the China Chengtong Holdings Group and China Reform Holdings Corp.