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"Data and figures. These are the magic of modern economy and production," said Chen, adding that digitalized management supported logical and precise decision-making.

"Efforts should also be made to promote investment by private equity and venture capital firms in the development of low-cost clean energy, which will eventually lead to a substantial transition in the energy sector by significantly reducing the cost of green energy through technological innovation," he said.

"Economic activity and employment have picked up in recent months but remain well below their levels at the beginning of the year," the central bank said in a statement.

"Everybody loses in a protracted trade war, we encourage countries to work constructively together to reduce trade barriers and to resolve trade disagreements without resort to exceptional measures," said the statement.

"Domestic considerations limit the room for rate cuts (in China)," JPMorgan Chief China Economist Zhu Haibin told China Daily.