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China will continue to support the northern and southern sides of the peninsula to improve relations through dialogue and push reconciliation and cooperation, which will be good for the alleviation and resolution of the Korean Peninsula nuclear issue, he said.

China's central bank is reportedly partnering with several internet companies including Didi Chuxing, the ride-hailing major, to test the use of its digital currency, as the nation pioneers the world in its efforts to experiment with virtual currency.

China's A-share market has shown stronger resilience than its overseas counterparts and the impact of external volatility will be limited and temporary, as the Chinese economy is capable of recovering quickly from the damage caused by the novel coronavirus outbreak, a senior securities official said on Sunday.

China's GDP growth next year is expected to be stable at 6.3 percent, despite headwinds, according to the Chinese Academy of Social Sciences, and economists suggested that the country should continue to press ahead with structural reforms to boost growth.

China's 25 leading excavator makers sold a total of 24,625 excavators last month, up 62.9 percent year-on-year, according to the China Construction Machinery Association.