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Analysts from 10 institutions predicted the September CPI would rise 2.8 percent year-on-year, the same as in August.

Analysts at Moody's Investors Service said in a report that China's economic recovery will continue despite external headwinds and the government will likely maintain favorable credit conditions to help companies and households recover from the COVID-19 pandemic.

And in an interview with Bloomberg Television on Tuesday, Summers said, "I don't think there was much justi?cation" in the Treasury's manipulator decision. "When you are propping up your currency, not running a trade surplus, you're not manipulating the currency on any definition that is understood and accepted in the ?nancial community."

And if he could discuss the trade dispute with Xi, Kimberly said he would say that he hopes China and the US can work it out. "We know that is what's best for both China and the US. It's a great relationship and we just want that to continue," he added.

Analysts said the pattern is a viable solution for China to build up resilience against external uncertainties and share its opportunities for development with the rest of the world.