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"Currently, there is a global trend toward easing financial regulation, which may give a new boost to 'shadow banks', and we need to pay more attention to that," he said.

"China-Singapore cooperation has now been deepened with the launch of the Suzhou Industrial Park and other initiatives. Singapore has established economic and trade cooperation mechanisms with eight Chinese provinces and cities, including Shanghai and Guangdong," said Han Xiaoyong, Chinese ambassador to Singapore.

"Currently, the measures that include nucleic acid tests and two weeks of quarantine for all inbound passengers from abroad will continue to play an important role in preventing the deadly disease from entering the province," Zheng told a news conference in Guangzhou over the weekend.

"Consumption remains the main driver of growth, contributing 60.1 percent of China's economic growth in the first half," said Tang Jianwei, chief researcher at the Financial Research Center of the Bank of Communications. "The key is to use measures to strengthen the weak links and improve people's incomes. There's certainly a lot of room for growth in consumption."

"China's economic development has been extremely rapid after the adoption of the reform and opening-up policy," he said, adding that the policy has been beneficial to both China and the rest of the world.