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As the world economy slows, protectionism is on the rise and global trade has faltered. Policymakers worldwide have had few viable choices but to cut interest rates to keep their economies on track.

As the market gradually improved, they become more rational about the risks and benefits of startups and their own capabilities, Xu added.

As president, he hasn't done either one. The US Treasury, in its semi-annual reports last April and October, declined to name China a currency manipulator. China has been supporting its currency rather than depreciating it.

As the courts further step up measures, said Zhou Qiang, president of the top court, they will also contribute to legislation designed to force defaulters to comply and establish a system on personal bankruptcy. The moves will help regulate judges' behavior and accelerate the implementation of rulings, Zhou said.

As the Chinese economy continues to grow at a medium-high speed and climb higher on the value chain, China's traditional industries are transformed and upgraded at a faster pace, and emerging industries flourish, he said.