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China's development strategies, including coordinated development of the Beijing-Tianjin-Hebei region, and the Belt and Road Initiative, help the Chinese economy expand steadily, and the country's upgraded consumption is accelerating as more Chinese are willing to spend, said Vishal Bali, Managing Director of Nielsen China.

China's local government debt soared during an investment and construction binge following the global financial crisis in 2008. Well aware of the risks, authorities have rolled out a string of measures to reduce the local debt burden.

China's development demands constant innovation and creative solutions, with higher technical requirements than other places in the world, Didi's Cheng said, noting that China's models are being copied by startups in other countries.

China's exports grew 9.9 percent in dollar terms in September from a year earlier, while imports rose 13.2 percent, the customs administration said. Economists earlier forecast that exports would increase by 10 percent while imports would edge up 0.4 percent.

China's fiscal policies have played an increasingly proactive role in both pandemic control and economic recovery, and the monetary policy measures have helped to ensure sufficient liquidity in the financial system. The support for micro and small enterprises has been innovative and significant, helping to cushion job losses, according to Poonpatpibul.