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China's foreign trade also remained steady, with the total imports and exports up 14.8 percent to stand at .2 trillion in the first 11 months, hitting a new high. The services trade increased 15 percent from a year ago to 656.2 billion US dollars in the first ten months, the world's second largest.

China's mobile payment operators are entering the public transportation sphere with ambitious promotions for their new e-products that promise to change commuters' age-old ways of paying for their city rides, experts said.

China's foreign exchange reserves fell for the second consecutive month in March to .06 trillion, as the value of reserves in other currencies fell due to the global financial market turmoil and decline in oil prices amid the novel coronavirus outbreak, the State Administration of Foreign Exchange said on Tuesday.

China's manufacturing purchasing managers' index stood at 51.5 last month, compared with August's reading of 51, according to the National Bureau of Statistics. A reading above 50 signifies growth in factory output.

China's fast development has provided strong support and a broad arena for the SAR to thrive, the spokesperson added.