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The consumption sector in particular will post strong performance during the festive period, given that it is one of the peak seasons in the year. As the Shanghai Composite Index has risen over 3.9 percent so far this year, the market will probably perform better than the same period in the past two years, according to the note.

The country will further deepen market-oriented reform, expand high-level opening-up and speed up efforts in building a modern economy.

The country registered a 6.2 percent industrial output growth last year, compared with 6.6 percent in 2017.

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The contribution of consumption to economic growth reached 58.8 percent, up from 51.8 percent for 2012. At the same time, the Chinese increasingly crave products and services of better quality, creating opportunities for international brands.

The country will continue to spin off a number of SOE subsidiaries that lose money, as well as non-primary businesses. And it will further cut the administrative functions of centrally governed SOEs, Peng said.

The condolence letter was sent through the inter-Korean truce village of Panmunjom Wednesday afternoon, and it was directly delivered to President Moon who had stayed at a Catholic Cathedral in the country's southeastern port city of Busan for the funeral service.

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The country should actively push for supply-side structural reform and ensure systematic financial risks are avoided, those at the meeting said, urging policymakers in all central and local departments to "improve their ability in carrying out the central government's policies".

The country has also improved the state compensation system and judicial aid system, and effectively resolved difficulties in the execution of court rulings and ensured the interests of successful litigants, said the white paper.

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The country is famous for three world heritage sites, namely the Angkor archeological park in northwestern Siem Reap province, the Preah Vihear temple in northwestern Preah Vihear province, and the Sambor Prei Kuk archeological site in central Kampong Thom province.

The conference also strongly boosted awareness of the Oriental Beauty Valley in Fengxian district and marked a milestone in Fengxian's beauty and healthcare industry construction.