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"China's steel output grew rapidly in the first quarter of 2019, and crude steel output from China accounted for more than half of the world total, a record," he said, adding the increased output has led to increased steel inventories.

"Chinese customers are much more demanding of quality, of making sure the product lives up to expectations," he said. "That's why we look for good partnerships in China like Alibaba to make our products available and relevant to them."

"China's economy stabilized in the first quarter of 2019, better than expected, and will hopefully achieve stable growth for the whole year… The banking sector will continue to step up the efforts to dispose of nonperforming loans and will keep pressing ahead risk prevention and control in key areas," said Liu Zhiqing, deputy director-general of the statistics IT and risk surveillance department of the CBIRC, the country's top banking and insurance regulator.

"China's property market will shift from extensive and rapid growth to more sustainable growth in the following years," said Yao Yao, head of research for JLL China, a real estate agency.

"China would be more open to the world economy, through efforts such as hosting a China International Import Expo," he said, adding that China' s foreign trade will grow steadily and support 8 to 9 percent of the total economic growth.