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He cited the Boeing Company, a top U.S. aircraft manufacturer, as one of the businesses that has benefited from the opportunities generated by China's economic growth.

Moreover, China has announced special individual income tax deductions to lower the tax burden of people with certain expenditures. The move, which went into effect on the first day of this year, is expected to further stimulate consumption.

The spokesperson also revealed that in 2018, China has conducted nearly 40 joint drills and training sessions with over 30 countries, deepening friendship and mutual trust with other militaries.

Wang, also a member of the Standing Committee of the Political Bureau of the CPC Central Committee, stressed forming a new type of cordial and clean relationship between the government and business community, promoting a healthy growth of the non-public sector, and encouraging those working in the non-public sector to achieve success.

NBS data also showed CPI rose 1.9 percent year-on-year in December, down from 2.2 percent for November.