Recent statistics show China's industry, investment and consumer price index grew at a slower pace, but these are temporary fluctuations and no cause for panic as several upbeat signals were easily overlooked amid the gloom.

A coin has two sides. China's Consumer Price Index increased 1.8 percent year on year in April, much lower than the 2.4 percent in March. But the positive view is that China has no worries about inflation and is in a strong position to keep its interest rates low.

People's Bank of China Governor Zhou Xiaochuan said at the weekend the central bank would only fine-tune its policy to counter economic cycles and would not carry out large-scale incentive policies to boost activity.

However, China is vigilant about its economic challenges and will not over-react to the pressure of the slowing momentum.