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China's cruise economy, which started in 2006, saw a 45 percent compound annualized growth rate in the past decade. Wu Zhenglian, a cruise design expert with a research institute at CSSC, estimated that 4.5 million Chinese people will go on cruises by 2020, which would need 40 cruise ships to homeport in China.

China's industrial output expanded 6.2 percent year-on-year in 2018, slowing from 6.6-percent in 2017. However, production in high-tech industries, strategic emerging industries and the equipment manufacturing sector expanded by 11.7 percent, 8.9 percent and 8.1 percent, respectively, indicating a better industrial structure.

China's digital economy was worth 27.2 trillion yuan (.1 trillion) in 2017 and accounted for 32.9 percent of China's gross domestic product, according to the China Academy of Information and Communications Technology. Last year, 171 million people worked in sectors related to China's digital economy sector, which accounted for 22 percent of the nation's workforce.

China's online education firms have experienced difficulties over the past year as authorities launched stricter measures to regulate the market. One of the regulations, for instance, requires teachers of online education firms to have valid teaching qualifications.

China's efforts to rapidly reduce poverty in recent years is "very respectable", he said, adding that there is a lot of work for China to do, because there are still many poverty-stricken people who must be lifted out of poverty by 2020 under the Chinese government's plan.