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China's commitment to further widen market access for foreign investment and optimize the business environment for foreign companies will drive its opening-up to a higher level, experts said.

China's investment in property development grew 10.3 percent year on year in the first 10 months of 2019 to 10.96 trillion yuan, according to the National Bureau of Statistics.

China's economy must accelerate its upgrade, adjustment and innovation, Li said. "Today we are in a metabolic transition, and it's also the 'growing pain' of the Chinese economy."

China's higher-level opening-up is an essential choice it makes for its future development when it strives to shape the new development paradigm of "dual circulation" and will offer more opportunities to the rest of the world for shared growth, experts and scholars said.

China's forex reserves stood at .057 trillion at the end of June.