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"China has achieved a lot in information and communications technologies in the past year. Some scientists have achieved major breakthroughs in quantum computer development," said Wu Hequan, an academician with the Chinese Academy of Engineering.

"CBS is not quantitative easing because it neither increases nor decreases in the monetary base," the statement said.

"Central banks will remain crucial to safeguarding the stability of global financial markets and maintaining the flow of credit to the economy," Tobias Adrian, the financial counsellor and director of the IMF's Monetary and Capital Markets Department, said Tuesday at a press briefing.

"China is willing to share its development opportunities with all other countries," Wang said.

"China is a country which is home to mega-sized cities, and the government will adopt various means to restrict these big cities from expanding too much," he said, adding that such restrictions will make a city function at a lower efficiency, especially in resource distribution.