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China's economy "remains strong despite the growth slowdown in recent years," said ADB Chief Economist Yasuyuki Sawada, adding that favorable fiscal reforms at the start of the year, particularly on personal income tax and social security, will help alleviate the adverse effects of anticipated weaker wage growth and boost domestic consumption.

China's foreign exchange reserves, however, unexpectedly increased in July to .12 trillion despite the recent weakening of the renminbi, which will help stabilize investor expectations and anchor the renminbi, said Guan Tao, former director of the international payments department of the State Administration of Foreign Exchange.

China's cross-border e-commerce market has grown remarkably. In just three years, the import proportion of total e-commerce sales had soared from 1.6 percent in 2014 to 10.2 percent in 2017. The nation's online retail market－now the world's largest e-commerce market－reached 7.2 trillion yuan (.04 trillion) in 2017, up 32.2 percent year-on-year.

China's national account system was in line with international standards, ensuring the country's macroeconomic figures are reliable, said Ning Jizhe, head of the National Bureau of Statistics, on Tuesday.

China's investment bank China International Capital Corporation Limited predicted China will release a draft on CDR rules after the two sessions.