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"China will not have any problem at all meeting its growth target," he said at a news conference while speaking about the country's economic achievements since 2013. "The Chinese economy's stabilizing and improving trend remains unchanged and the whole-year results could be even better (than the target)."

"China will further cut tax, especially to support medium and small-sized enterprises," said Cheng. "We will continue to promote property tax legislation and implementation, and reform the personal income tax system," she added.

"China wants to be the leader, not the follower in the generation of 5G," said Richard Yu, the CEO of Huawei's consumer products division, who made the speech. "We were late in the 3G development, but we caught up with others in 4G and will be the global leader of the ICT (information and communications technology) industry in the era of 5G."

"China's anti-corruption drive has played an essential role in consolidating the country's political stability and has boosted people's confidence in sustainable social and economic development," he said. Jiang said the current high level of pressure being applied against graft is expected to last even though a new CCDI is expected to be elected at the 19th CPC National Congress.

"China remained the region's leader in terms of bond market size with its share of the regional total rising to 75.4 percent," the report said.