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China's GDP went up 6.8 percent from a year ago in the first three months of 2018, extending the economic strength of last year, when China's GDP picked up pace for the first time in seven years.

China will work with other countries to cope with difficulties and challenges and promote peace, prosperity and sustainable development in the region and the world at large, he said.

China's asset management businesses have experienced rapid growth in recent years, but their expansion has also caused high leveraging and shadow banking, which authorities have attempted to rein in.

China's automobile sector is expected to maintain its recovery momentum in the second half of the year thanks to favorable policy support and a revival in demand by consumers, but carmakers need to make more efforts to adapt to the changing shopping preferences of young consumers to ensure long-term growth, industry experts said.

China's A-share market is expected to see sustained bullish performance in 2021 as more efforts are made to improve the quality of listed companies and further explore domestic demand, experts said.