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China's domestic market has huge growth potential and the development of the country's manufacturing industry will bring the world greater investment opportunities and broader investment prospects under the new economic development pattern of "dual circulation," said Vice Commerce Minister Wang Shouwen at the opening ceremony of the convention's Jianghuai Online Economic Forum.

China's manufacturing sector showed a further marginal improvement in operating conditions last month, driven by accelerated output, although weaker demand in international markets stagnated exports, according to an unofficial leading economic indicator released on Wednesday.

China's manufacturing sector in March stayed above the boom-bust mark for the eighth month in a row, and the non-manufacturing sector continued to expand, nearing a three-year record high, according to the National Bureau of Statistics.

China's fast-developing services sector will continually support the job market and minimize the negative impact of US tariffs on China, he said.

China's current account surplus is less than 1.5 percent of the GDP, and the trade surplus of goods accounts for only about 3 percent of the GDP. The contribution of consumption has risen to 58.8 percent, and the proportion of added value of the service industry has risen to 51.6 percent, indicating that the Chinese economy has relied more on domestic demand, according to Lou.