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"Especially in terms of economic restructuring and easing business burdens, fiscal policies have a larger role to play," said Cai Yanfei, an analyst with Industrial Securities.

In light of slowing economic growth and waning coal demand, a slowdown trend for coal supply and demand in the third quarter, or the second half of this year, will continue, industry insiders say.

The two sides have constructed a model for practicial and active cooperation and carried out fruitful cooperation in world economy, bilateral trade and major international and regional issues, he said. It is not only in the interests of the two nations but the world at large, he added.

Also, the country founded its first national corruption prevention bureau in 2007 to reform the supervision system on officials and develop new anti-corruption policies.

A total of 58 types of machinery and electronic products China exported were the world's most popular, and another nine types ranked second, according to a survey conducted by the China Chamber of Commerce for Import and Export of Machinery and Electronic products.