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China's mammoth e-commerce sector, which recorded total sales of 10 trillion yuan (.52 trillion) last year, has given rise to a booming express delivery industry, with plastic bags, cardboard boxes and adhesive tape creating a major trash problem.

China's currency is convertible for trade purposes under the current account, while the capital account, which covers portfolio investment and borrowing, is largely run by the state in an effort to control capital flows in and out of the country.

China's economy grew at an annual rate of 6.9 percent in the first three quarters of this year. Final consumption accounted for 4.4 percentage points (64.5 percent) of that growth, with the rest coming from investment and net exports, according to the National Bureau of Statistics.

China's financial system has great potential in helping stabilize the economy, a previous China Daily report said, adding that the country will deepen supply-side structural reform in the financial sector and strengthen the sector's ability to serve the real economy.

China's economic resilience has stemmed from the sustained demand for services and goods, despite the rapid economic growth in recent years. The epidemic won't change these dynamics given China's nascent consumption boom, said Patrick Tsang, CEO of Deloitte China.