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China's manufacturing PMI has been in positive territory for 16 consecutive months.
China's financial regulators have recently strengthened oversight and issued stiffer punishments to remedy shortcomings and promote efficiency.
China's development needs an environment of lasting peace and stability, he added, noting that China will continue the road of peaceful development, as well as opening up and win-win cooperation.
China's economic growth is expected to stabilize in the second half of the year, given domestic growth resilience and ample room for policy reaction, Cheng said.
China's earlier and quicker issuance of 2019 new local government bonds is expected to play a major role in narrowing infrastructure funding gaps and bolstering economic growth.