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China's foreign trade rose 14.2 percent year-on-year in 2017, ending two years of drops, the General Administration of Customs said Friday.

China's nearly trillion bond market is likely to see a substantial increase of foreign capital inflows this year as higher yields, a relatively stable yuan and further opening of the onshore market have made Chinese bonds an increasingly attractive asset for global investors.

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 nonmanufacturing PMI was slashed from 54.1 for the previous month to 29.6 in February, sending last month's composite PMI, which covers manufacturing and nonmanufacturing activities, to 28.9, versus 53.0 in January.

China's decision to reform and open up, Ampuero said, not only ignited its achievements over the past 40 years but has also offered immense opportunities to the rest of the world.