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China will stay true to the mission of upholding world peace and to the path of peaceful development. The pursuit of harmonious coexistence is in the DNA of the Chinese nation. Peaceful development is a strategic choice made by China in light of its national conditions and fundamental interests. It is a basic principle that must be followed in China's diplomacy in the long run. It is peaceful development, not predatory expansion, that has enabled China, a country once mired in poverty and backwardness, to grow into the world's second largest economy. For this reason, we will continue to uphold peaceful development and cooperation for win-win results, and stick to an independent foreign policy. No matter how advanced it may become, China will never seek hegemony, nor will it seek expansion or spheres of influence.

China will deepen the market-oriented reform of interest and exchange rate regimes, and keep the yuan exchange rate generally stable on a reasonable and balanced level, the central bank said.

China will have to work hard to secure long-term supply chains and two-way trade, including with Association of Southeast Asian Nations (ASEAN), Africa and South America, said Sachs, also a senior United Nations advisor.

China's Ministry of Industry and Information Technology is working on a draft document on autonomous driving, which is part of China's efforts to promote the cutting-edge technology, according to a source close to the matter.

China's GDP growth next year is expected to be stable at 6.3 percent, despite headwinds, according to the Chinese Academy of Social Sciences, and economists suggested that the country should continue to press ahead with structural reforms to boost growth.