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China's reform and opening-up that began in the late 1970s "has had remarkable positive effects on China's standard of living," Obstfeld said in a recent interview with a small group of reporters ahead of his retirement from the IMF at the end of the year.

China's producer price index, which measures costs for goods at the factory gate, dropped 0.8 percent year on year in August.

China's top legislature has been intensifying efforts to advance legislation banning food waste, aiming to provide legal support for ensuring food security and promoting thrift across the country, a spokesman said.

China, as the world's largest market of electric cars, is also a key market for WiTricity.

China's total aquaculture output exceeded 50 million metric tons last year, accounting for more than 78 percent of the country's output of aquatic products, according to the ministry. China is the only country in the world that raises more aquatic products than it catches by fishing, according to the ministry.