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China's crude steel output is estimated to exceed 1 billion metric tons this year, according to the CISA.

China's electric bicycles have gained in popularity in the global markets in recent years thanks to their good quality and technological edge, and the domestic sector has not received any subsidies from the Chinese government, said Zhao Ying, a researcher at the Beijing-based Institute of Industrial Economics, which is part of the Chinese Academy of Social Sciences.

China's ongoing efforts to spur new forms of consumption will help stimulate market players' vitality, boost domestic demand and support economic recovery, said Guo Xin, a marketing professor at the Beijing Technology and Business University.

China's economic growth has slowed in the past two years but still showed "clear advantage" compared with other emerging markets and advanced economies, Huang said.

China's global outbound direct investment, which includes corporate mergers, acquisitions and start-ups, reached nearly .4 trillion by the end of 2016.