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"Instability and uNPRedictability" both have detrimental effects on developing countries, as these two factors will hamper the expansion of trade and investment, said Bustelo.

China's central authorities have reiterated the core position innovation occupies in the country's march toward modernization in a recently released blueprint for development through 2035. Technological self-sufficiency should be a strategic pillar of the country's development, they say.

Tuju said that China's accomplishment is due to the consistent leadership of the CPC and its vision, which transcends a single generation. The Jubilee Party takes the CPC as an example and is inspired by its achievements in poverty relief, according to Tuju.

"China will take all necessary measures to safeguard the legitimate rights and interests of Chinese journalists in line with the principle of 'word for word and action for action'," Wang said, urging the U.S. side to give up illusions immediately and stop its political persecution and suppression against Chinese journalists.

Consumption of services also saw a quick rebound during the holiday. Average daily sales of the catering and accommodation sector climbed 12.7 percent, while that of tourism services recovered to 69.8 percent of the level seen in the same period last year, the administration said.