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China's General Administration of Customs said that in 2018 the country's foreign trade rose 9.7 percent year-on-year to a record high of 30.51 trillion yuan (.5 trillion).

China's blueprint for its future development comes at a historic turning point in which the country is set to play a bigger role in the global economy, according to experts.

China's auto market, hit by COVID-19, began to recover in April thanks to unleashed pent-up demand and supportive policies, with sales rising 4.4 percent year-on-year. This ended a contraction streak over the previous 21 months, according to CAAM.

China will stick to the current poverty standard and strive to eliminate extreme poverty on schedule, he said, even though the novel coronavirus outbreak has temporarily prevented financially vulnerable rural workers from returning to factories and disrupted logistics chains for farm produce.

China will open up its futures markets to the world, particularly foreign investors, to help the markets align with the national strategies for boosting the real economy, said a senior official from the country's top capital market regulator.