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China is still likely to report weak economic indicators in the first quarter of 2019 as the transmission of policies into real economy takes time and the effects of supportive policies are likely to be felt after the first quarter, said Mariscal.

China has taken scientific and active measures to curb cases of novel coronavirus pneumonia being imported from overseas as the epidemic continues to worsen internationally.

China has since July 6 begun to levy additional 25 percent tariffs on 517 types of agricultural products — including soybeans, cotton and pork — imported from the US. The total value of these imports last year was about billion.

China is the world's largest car market and the biggest new-energy vehicle market, according to the China Association of Automobile Manufacturers.

China is expected to convene the tone-setting economic conference soon－reportedly next week. Economists at home and abroad said it may reaffirm the decisions made at the Political Bureau of the Communist Party of China Central Committee meeting on Dec 8, such as pushing the three major tasks of preventing major risks, reducing poverty in a targeted manner and controlling pollution.