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"China should stick to its established goal of further opening-up in a timely manner," he said, adding that a higher level of opening-up will effectively promote trade and investment and facilitate further economic integration between the world's two largest economies.

"China's economy will face a number of challenges, particularly from external factors, so stability will be the main priority," he said.

"Consumer stocks have shown positive signals this year so far," said Wu Wenjie, a senior analyst at Bohai Security's Wangjing branch. "Among them, leading shares such as Wuliangye and Midea reached record highs. As these stocks are linked to people's lives, and with corporate annual reports around the corner, the surging prices of consumer stocks would attract a huge amount of public attention."

"Constraints over local governments' budgets will be made more binding," it said, noting that "disorderly use of debt financing for construction will be resolutely stopped and the governments' bond issuance practices will be standardized."

"China will continue to resolutely promote all-around opening-up, … which will absolutely bring new opportunities for the development of the ROK and Japan as well as providing broad space for trilateral cooperation," Wang said at a news conference after the meeting.