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"Consumption now remains the main driver of economic growth," said Tang Jianwei, chief researcher at the Financial Research Center of the Bank of Communications. "Due to rising Sino-US trade disputes, we are facing many external uncertainties. Therefore, we need to focus on boosting domestic demand. Considering the current levels of per capita rural and urban incomes and the proportion of consumption to the total GDP, there is a lot of room for consumption growth."

"Chinese markets will continue to see enormous gains in Internet videos and other emerging areas," PwC partner Wilson Chow said.

"China's foreign exchange reserve remained stable in February, and the renminbi exchange rate floated within a reasonable range, with still stable expectations," said Wang Chunying, a spokeswoman of the SAFE.

"China's Civil Code is the latest achievement of the codification movement around the world. It represents Chinese wisdom and China's contribution to the culture of the rule of law," Chen said.

"Chinese tariffs on US agricultural goods continue to have the biggest impact on the farm economy," Purdue University's Center for Commercial Agriculture said in a report to farmers.