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China enhanced management over foreign exchange reserves last year through tightening control over default risks in asset investments and maintaining liquidity, said Pan Gongsheng, SAFE's director and also a PBOC deputy governor.

China has adopted targeted poverty relief measures for about six years and launched the fight against poverty for more than three years. "Besides improving infrastructure, the new round of poverty alleviation particularly focuses on solving problems that concern people the most, such as education, medical service and housing, so they don't need to worry about anything else but increasing their income," Ma said.

China has closed many old plants and merged hundreds of producers in pursuit of efficiency, and cutting overcapacity.

China attaches great importance to developing ties with Germany, and is ready to push forward bilateral relations and pragmatic cooperation in various fields to achieve new development at a high level based on mutual respect, mutual trust and mutually beneficial cooperation, he said.

China has long been a second home for Honeywell and the company raked in revenue of .9 billion in 2017, a year-on-year growth of 25 percent, said Shane Tedjarati, president for Honeywell's Global High Growth Regions, which includes China.