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Apart from short-term fiscal and monetary policy reactions, China needs to carry out structural reforms to boost productivity growth by further reducing distortions such as those in the allocation of land and capital. Promoting competition and opening-up to encourage greater diffusion of technologies, and stimulating discovery through investment in R&D, including basic research, is also necessary, he said.

Apart from CIMC's other businesses including the production of containers, airport facilities, vehicles, energy, chemical and food equipment, the company to date has exported and installed over 50,000 prefabricated hotel rooms and apartments for its clients in the United States, the United Kingdom, Japan, Australia and other countries.

Another NPC deputy, Zhuang Jiahan, who is mayor of Xiamen, said, "We welcome and support exchanges with cities in Taiwan on the basis of adhering to the 1992 Consensus, which embodies the one-China policy."

Another helping hand comes from the foreign trade front. As China and the United States have signed their phase-one trade and economic deal, the market uncertainties as a result of their previous disputes have gradually eased. And the world economy is expected to improve this year, which will jazz up demand for Chinese products, according to estimates by major international organizations.

Another breakthrough in the rule of law in recent years was the adoption of the country's first Supervision Law in March 2018 — and the establishment of supervisory commissions across the country — which improved the country's supervisory system and intensified the fight against corruption.