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"China and the European Union share similar ideas and attitudes toward some important issues, including globalization, free trade and opposition to trade protectionism."

"But the foreign exchange reserves are expected to remain stable in the future" because of China's sound economic growth momentum and its deepening of opening-up in its financial sectors, as well as the steady global economic recovery, according to the spokesperson.

"China has the world's most complete industrial system and has the world's largest domestic market. The industrial fundamentals in China also remain good. So we believe the impact will be controllable," Xin added.

"By the end of last year, total assets of central SOEs amounted to 54.5 trillion yuan (.23 trillion), and their average debt ratio was 66.3 percent, down 0.4 percent on a yearly basis," he said.

"Centrally administrated SOEs are important backbones of China's economy. Restructuring central SOEs is, in essence, to deepen reforms, and take it as an opportunity to advance SOE reform and institutional innovation, to improve central SOE quality and efficiency, and realize economic transition," Li said at the meeting.