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"China has the foundation as well as conditions to recover the economy," Ning said during an interview with People's Daily. "The trend of the Chinese economy toward stable long-term growth with sound momentum remains unchanged."

"China is speeding up the transformation from industrialization to informatization. Intangible assets such as patents, trademarks, copyrights, business secrets and software are playing an increasingly important role, so intellectually property protection has become more significant," he said.

"By setting up facial recognition devices at the airport, travelers will go though rounds of security screening with minimal, if any, noticeable disruption," he said. "It is estimated that about 50 percent of all airports in China will use facial recognition at all points of contact by 2021."

"CPI may continue to be pushed up solely by pork in the next few months, making it unnecessary for monetary policy to respond by tightening up," Yang said, adding that monetary policy is expected to keep making the stabilization of economic growth the priority.

"But other regions are catching up in terms of quality so it's not necessary to get all our crabs from Yangcheng Lake."