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"China's M2 growth is slightly lower than nominal GDP growth, but we should monitor more indicators, such as prices and jobs, to see whether liquidity is tight," he said at a press conference during the ongoing first session of the 13th National People's Congress.

"China will have developed 130 new airports" to cope with the expansion, he said.

"Christmas is a time of growing excitement here in China, especially among the younger generation. We see them visiting with family members to share a meal in our restaurants for example, and spending Christmas eve with friends having fun together in our VUE Bar," says Hyatt on the Bund General Manager Mark Foxwell.

"Considering the expanding value-added industrial output in May and the positive service production index, China's economic growth is expected to bounce back in the second quarter with a modest growth," Tang said.

"China will continue to outshine others at a time when the developed countries are expected to remain mired in economic stagnation," said Justin Yifu Lin, former World Bank chief economist, at the forum, adding that China's economy will remain robust and serve as the world's economic engine.