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China has set an inflation control target of 3 percent for this year. But even if it reached 3 percent in September, the average reading for the whole year would still be lower than 3 percent given the lower readings in previous months. Moreover, core inflation, which excludes highly volatile energy and food prices, remains stable at low levels, making it almost impossible for authorities to tighten monetary policy, analysts said.

China is making vast inroads into tackling the problem.

China is the biggest market for industrial robots in the world, accounting for about one-third of global demand.

China is ready to work together with India to strengthen strategic communication, promote strategic mutual trust and broaden pragmatic cooperation in all sectors to become good neighbors, who coexist peacefully, and good friends, who collaborate sincerely to revitalize their countries, in a bid to make important contribution to stability and prosperity in Asia and the world at large, Yang said.

China has signed the most Authorized Economic Operator (AEO) agreements in the world to facilitate customs clearance for enterprises. Among all the 42 countries and regions holding AEO agreements with China, 18 are BRI countries and regions, he said.