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Over 10 million people in the countryside are estimated to have been brought out of poverty this year, with marked progress made in areas of extreme poverty.

"The economic accomplishments in the past year demonstrate the excellent leadership of the CPC Central Committee with Xi at the core in navigating complex situations, as well as the resilience of the Chinese economy and its ability to withstand risks," Han said.

"The trade negotiation between the Unites States and China has a direct influence on the currency markets," said Anthony Minardo, vice president and FX trader for Bank Leumi USA. "There will be a massive increase in currency volatility and large revaluations of global currencies (in case of deterioration of trade tensions)."

"China's economy has enough resilience, potential and ample room for growth, especially with a huge domestic market and rich human resources of nearly 1.4 billion people, therefore, we are fully confident and capable of keeping economic growth rate within an appropriate range in spite of multiple risks and challenges in 2019," Li told foreign experts.

Sui Zhenjiang, deputy mayor of Beijing, said that the municipality should steer the sub-center onto a path of sustainable development, building it into a district without "urban diseases."