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China's outbound tourism market is estimated to increase by 5 percent annually on average in the coming years, bringing the number of outbound tourists to 157 million in 2020, according to the China Tourism Academy, a think tank under the Ministry of Culture and Tourism.

China's foreign exchange reserves rose for the 12th straight month to reach .2 trillion at the end of January.

China's food industry remained generally stable in the first half of the year, according to data from the Ministry of Industry and Information Technology.

China's manufacturing sector has already rebounded, helping maintain jobs, Anwar said.

China's financial openness will continue to facilitate the renminbi's market function. China has made tremendous efforts to relax restrictions on capital account transactions in the past. The most recent moves include eliminating quota ceilings for QFIIs (qualified foreign institutional investors) and QDIIs (qualified domestic institutional investors) and opening ownership for foreigners.