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And I think it's important that the plans are executed so that the world can truly enjoy the benefits of open market access and a transparent, fair and level playing field. These initiatives are already on track in China, and I certainly hope that they will be successful in the future.

An said related mainland authorities and Fujian province have been doing all that they can to push forward related infrastructure connectivity projects and have made phased progress.

And the new Foreign Investment Law that went into effect Jan 1 has further broadened market access for foreign investment. In addition, China also has lowered tariffs for some imported goods, which will open up new prospects for its economic and trade cooperation with the US.

Analysts said that Chinese banks, especially small and medium-sized lenders, are under great pressure because they are less capable of bearing risk when facing economic downsides. They also face higher standards of regulatory metrics, especially regarding nonperforming loan and capital adequacy ratios.

Analysts said economic expansion may pick up in the next few months after the effects of the country's bolstering measures take effect.