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"China's huge monetary stimulation plan after the financial crisis (in 2008) did bring about a 'V-shaped' recovery, but monetary expansion in other economies and the surging price of energy and other commodities directly caused China's higher-than-expected inflation," Ba said.

Trade growth in June will stay at the current level, he said, stating that China is likely to achieve its foreign trade target this year as along as the Eurozone situation remains stable.

Huo said improving markets in the United States and Japan, stable growth in emerging economies, as well as less pressure for the yuan to rise further also helped boost May's trade data.

He said in an interview with the China Central Television that he was very grateful to the land where he grew up and returns every year.

He added that a green transition in China's manufacturing model will have especial relevance where it concerns production for the domestic market, "because that amounts to a lot of economic activity."