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China's foreign exchange reserve, the world's largest, achieved a 3.68 percent 10-year average rate return from 2005-2014, according to data released on Sunday for the first time by the country's foreign exchange regulator, the State Administration of Foreign Exchange (SAFE).

China's economy expanded 6.8 percent year-on-year in the first three months, above an annual target of around 6.5 percent, official data showed.

China's economic and financial risks are on the whole manageable, Li said. "What China needs to do is to tackle both the symptoms and root causes and take effective measures to defuse potential risks."

China's decision to remove limits on foreign ownership of automotive ventures is a significant policy shift that could open new opportunities for overseas companies, perhaps including acquisitions in China, according to industry analysts.

China's overall ranking in the World Bank Group's Doing Business 2020 study surged to the 31st spot this year, from 46th a year ago and 78th in 2017.