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China's economic prospects will remain solid next year, with its ongoing efforts in deepening reform and opening-up as well as economic and trade cooperation with foreign countries, Wei added.

China's economy has been generally stable and is one of the fastest-growing economies in the world in 2019, said Liu. He also pointed out that China's economic output has reached nearly 100 trillion yuan (.49 trillion), and that its annual economic expansion of about trillion is almost equivalent to a medium-sized economy in today's world.

China's imports and exports were down 9.6 percent year-on-year to 4.12 trillion yuan (0 billion) in the first two months of this year, mainly due to the impact of the global pandemic, according to the General Administration of Customs.

China's economy expanded 6.9 percent in Q1, a strong start for the year, well above the annual target of around 6.5 percent, according to the National Bureau of Statistics.

China's consumer price index, a main gauge of inflation, rose by 0.5 percent on a yearly basis in October, declining by 1.2 percentage points from September.