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"In fact, there has never been such a problem with freedom of navigation in the South China Sea," Wang stressed. "The situation in the South China Sea is overall stable."

It quickly became a buzzword among economists and will likely be a highlight of the upcoming legislative session to convene on March 5.

First, a high rate of economic development was maintained.

BIT negotiation between China and the United States began in 2008. It has come to "substantive negotiation stage" after 24 rounds of talks and the two sides are discussing a negative list, Gao said.

"This claim is false," Cui said. "While the economic slowdown has contributed, China's currency depreciation is mainly the result of an exchange rate reform launched last year to follow international standards and to establish a more flexible system linked to a basket of currencies, thus letting markets play the decisive role."