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China's newly launched cabinet-level committee, in charge of financial stability and reform planning, is expected to take responsibility for coordinating monetary, fiscal and industrial development policies, to better serve the real economy while avoiding conflicts.

China's economic growth has been important in terms of China's own domestic development and raising living standards of millions of its own citizens in recent years－an impressive achievement－and this in turn has contributed to China becoming a major trading partner for many countries, New Zealand included, she said.

China's electric car startup NextEV set up its global design center in Munich, Germany, two years ago with 16 employees.

China's newly revised Budget Law clearly stipulates that local government debt should be publicly issued through a national quota-based mechanism, and various local financing platforms backed by the local authority should not issue local government debt.

China's cross-border e-commerce market has grown remarkably, with the proportion of imports to total e-commerce sales surging from 1.6 percent in 2014 to 10.2 percent last year, according to a report released by Deloitte China, the China Chamber of International Commerce and AliResearch last week.