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China's measures for further opening-up will have ramifications that "are as profound as" the country's opening of its trade policy regime and accession to the WTO two decades ago, Sourabh Gupta, a senior fellow at the Washington-based Institute for China-America Studies, said in a recent interview.

China's financial system is stable, with the systemic risk under control thanks to the steady growth of social financing and strengthened profitability in listed companies in the first half of this year, Guo Shuqing, Party secretary of the People's Bank of China, the central bank, and chairman of the China Banking and Insurance Regulatory Commission, said in a Thursday interview with the bank's newspaper, Financial News.

China's government debt stood at 33.35 trillion yuan (.97 trillion) by the end of 2018, 37 percent of the country's GDP, significantly lower than the EU warning line of 60 percent, Liu said.

China's economy generally maintained steady and sound growth in May, along with supply-side structural reform and innovation-driven development. Economic indicators like supply and demand, employment, consumer price, and profit of enterprises showed positive signs, and the economic development was also more balanced and stable.

China's gross domestic product expanded 6.7 percent year-on-year in the first three quarters of 2018 to about 65.09 trillion yuan, official data showed.