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As China continues to optimize the business environment and open up its market, the country has the "foundation, conditions and confidence" to achieve its preset full-year growth target, Liu stressed.

As China's laws require digital information to be stored within the country, Google, having no data centers in the Chinese mainland, needs to use the domestic data centers and servers provided by local partners to offer its internet-based services, such as Drive and Docs, to the market.

Around 100 people were involved in the renovation, and the center now has about 50 staff members. "We could keep the ball rolling with just half of them actually, but I want to help local employment," he said.

Around Wednesday's market close, shares of iQIYI slightly fell 0.70 percent to .71 per ADS.

As 150 billion yuan of reverse repos matured Friday, the operation led to a net withdrawal of 50 billion yuan from the market.