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China's outbound investment, starting later than other countries, still lacks experience and faces some challenges, Zhong said. But the challenges are "difficulties in the process of progress", he said.

China's liabilities had been rising rapidly during previous years, with the macro leverage ratio rising 13.5 percentage points each year from 2012 to 2016.

China's market regulator said on Friday that online discounter Pinduoduo should strengthen platform management and regulate business activities of third-party vendors to maintain fair competition.

China's overall economy expanded by 6.1 percent year-on-year in 2019, meeting the preset target range of 6 to 6.5 percent for the year, according to the National Bureau of Statistics.

China's first cargo airport, located in Ezhou, Hubei province, will be put into use by either the end of next year or early 2022. Ezhou Airport is expected to handle 3.3 million metric tons of freight by 2030, according to the commission.