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China's outbound tourism market is estimated to increase by 5 percent annually on average in the coming years, bringing the number of outbound tourists to 157 million in 2020, according to the China Tourism Academy, a think tank under the Ministry of Culture and Tourism.

China's contribution to global growth averaged about 30 percent annually from 2013 to 2016, larger than that of the United States, the eurozone and Japan combined, Ning added.

China's e-commerce market size was the biggest in the world, according to the E-Commerce in China 2019 report released recently by the Ministry of Commerce, the People's Daily overseas edition reported on Thursday.

China's import and export firms also saw the number of items requiring customs declarations dwindle to 105, down from 229 in the past.

China's manufacturers face a downshift in growth, structural adjustment and a shift in growth engines, according to Miao Wei, minister of industry and information technology, earlier this week.