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China's economic development has been stable with a positive outlook, a current account surplus, controllable external debt and around 3 trillion dollars of forex reserves, all of which will cushion the economy against changes in the external environment, according to SAFE.

China's high-speed rail is the second big thing that impressed the professor. "As you know, high-speed rail in China is perfectly smooth. It's almost always on time," he said. "It makes it easier for people to do business in China, and certainly makes it easier for me to go from city to city, and to work on the train."

China's national health authority is planning to launch pilot projects to improve online nursing care platforms, a senior health official said.

China's imports jumped 20.9 percent year-on-year to 11.29 trillion yuan (.71 trillion) during the first 11 months of the year, on the back of strong domestic demand for commodities, electrical and mechanical products, the General Administration of Customs said on Friday.

China's first two batches of SOEs to implement ownership reforms were mainly administered by central government, such as China Eastern Air Holding Company and China Southern Power Grid.