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China's economy is holding firm, despite the nation's gross domestic product growing last year at its slowest rate in two decades, former central bank governor Zhou Xiaochuan said on Tuesday in London.

China's outbound direct investment, after peaking in 2016, witnessed a drastic reduction in 2017 amid the government's efforts to curb irrational investment overseas that have brought potential risks to overall financial security.

China's forex reserves rose for the 10th month in a row to .1193 trillion by the end of November. China's forex regulator, the State Administration of Foreign Exchange, attributed the stabilized forex reserves to the country's steady economic growth.

China's major economic indicators put up a mixed performance in October, with industrial output and investment growth picking up while retail sales growth slowed, according to the National Bureau of Statistics on Wednesday.

China's economy kicked off 2018 on a strong note with better-than-expected data for the first two months.