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China's financial institutions should include more medium to long-term loan products, in order to help the country's private companies access investment easily, said Ye Qing, vice-president of All-China Federation of Industry and Commerce.

China's investment in fixed assets will remain stable,with relatively rapid growth in manufacturing and real estate investment in 2019, the National Development and Reform Commission said on Tuesday.

China's economic structure has also become balanced and new drivers for growth are posting a stronger presence in the first quarter, according to NBS data.

China's economy is currently transitioning from a phase of rapid development to a new stage of high-quality development, with a focus on innovation-driven economic growth and upgrade of the economic structure. The government has initiated a series of policies on digital transformation to catch up with advanced economies and inject new impetus into the economy.

China's economic growth moderated in July, according to the National Bureau of Statistics.