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China has set the target of achieving GDP growth at around 6.5 percent this year. In the first quarter, GDP grew at 6.9 percent year-on-year, getting the economy off to a good start, according to data from the National Bureau of Statistics.

China is the largest market for Mercedes-Benz. In the first half of the year, around 350,000 vehicles were sold in the country, up 1 percent year-on-year, and the majority of them were made in China.

China imported nearly 56.4 million metric tons of soybeans from January to August, down by about 9 percent year-on-year, Tang said.

China has projected deficit-to-GDP ratio at more than 3.6 percent this year in its Government Work Report, as an indication of its proactive fiscal policy. It will also look to increase government spending to offset the downside economic pressure. Cutting taxes and fees will help ease the operational difficulties of businesses, while the central government's payment transfers to the local authorities will guarantee the management of primary-level governments, the minister said.

China is aligning its money issuance pace and the expansion rate of aggregate financing with the nominal GDP growth rate, according to Sun Guofeng, director of the PBOC's monetary policy department.