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China's financial system is functioning generally steadily, with strengthening market discipline and positive changes in market expectations, according to the statement.

China's fast-growing chemical industry has been the largest in the world by revenue since 2011, and its growth rate continues to outpace other major chemical-producing regions, according to consulting firm McKinsey.

China's fast growing online literature industry has also seen a surge in overseas markets.

China's industrial output expanded 6.2 percent year-on-year in 2018, slowing from 6.6-percent in 2017. However, production in high-tech industries, strategic emerging industries and the equipment manufacturing sector expanded by 11.7 percent, 8.9 percent and 8.1 percent, respectively, indicating a better industrial structure.

China's foreign trade with economies related to the Belt and Road Initiative rose 3.2 percent on a yearly basis to 2.07 trillion yuan during the same period.