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China's eagerness to boost imports is driving the current account balance amid downward pressure, and the trend could be intensified after the year's biggest import tariff cuts take effect, influencing sentiment on financial stability and the exchange rate, according to experts.

China's economy, though facing headwinds, has maintained steady growth over the first three quarters of this year, as the country's economic structure continued to optimize, said the country's top economic regulator.

China's first policy document of the year contains scaled-up measures to ensure that the country can win the battle against poverty across the board and to strengthen weak links in rural areas, officials and experts said.

China's efforts to promote the use of biofuel received key impetus last month with the announcement of encouraging initial findings of a pilot project involving biodiesel in Shanghai, and from rapid progress in the adoption of bioethanol gasoline elsewhere.

China's economy is rebalancing itself, adding dependence on domestic demand with consumption, innovation, and higher labor productivity. It is also reducing reliance on debts for growth and steadily improving its inherent dynamism, Liu said.