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China-made Volkswagen cars will soon be exported to Southeast Asian markets, with a pilot shipment to the Philippines to be made this month, according to Volkswagen Group China.

China's trade performance got off to a strong start this year, thanks to the steady recovery of the world economy, sustained demand in the domestic market and the Belt and Road Initiative, Huang said.

China's private investment was down 13.3 percent year-on-year in the first four months of this year due to the impact of the novel coronavirus outbreak. Foreign direct investment was down 6.1 percent year-on-year.

China's stock market in 2017 was much steadier compared with a year earlier. Only three trading days registered changes beyond 2 percent last year, and the fluctuation ratio of the benchmark Shanghai Composite Index recorded a historic low of 13.98 percent, according to the China Securities Regulatory Commission.

China's reform and opening-up has opened up new vistas for the country while lifting more than 800 million people out of poverty. The use of social and scientific innovation in economic growth and technology, and a focus on "made in China", apart from reforms at all levels, including industry, education, health and other important areas, are reasons behind the country's progress and prosperity.