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"China will not close the door to the world but will only create more spaces," the official said in a statement. "Since its entry into the WTO, China has kept its promises on tariff cuts and market opening, stood against protectionism, improved protection of property rights, promoted fair competition and pushed forward economic globalization."

"China's gold producers have been aggressively seeking resources overseas to ensure stable supplies," she said. "As the mines purchased overseas continue to commission and ramp up, this figure may keep going up this year."

"China's pledge to further open its market to foreign companies tremendously improves the country's economic development, making the Chinese market one of the most attractive in the world," Zhou said.

"China's economy will brace for a painful blow, much worse that what it suffered during SARS," said Wang Tao, chief economist at UBS Investment Bank, in a teleconference on Tuesday.

"China today is on the rise. That's a fact. Some Australians have not as yet come to terms with this fact."