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China's General Administration of Customs said recently the country's foreign trade rose 9.7 percent year on year to a record high of 30.51 trillion yuan (about 4.5 trillion U.S. dollars) in 2018.

According to a World Bank report on the ease of doing business released in October, China advanced to a global ranking of 46 among 190 economies this year, up from 78 last year, as the country implemented the largest number of reforms in the East Asia and Pacific region.

"The U.S. economy is facing downward pressure. Nobody wants some external sort of negative impact from escalating the trade tensions ... the trade deficits in the United States actually increased rather than declined, which indicates tariff measures are not working in addressing the imbalances between these two countries," said Lu.

Stronger support will also go to high-tech firms, emerging sectors, and manufacturers undergoing structural upgrading.

China is still a developing country, even though its economy has greatly expanded over the last few decades.