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China's cruise economy, which started in 2006, saw a 45 percent compound annualized growth rate in the past decade. Wu Zhenglian, a cruise design expert with a research institute at CSSC, estimated that 4.5 million Chinese people will go on cruises by 2020, which would need 40 cruise ships to homeport in China.

China's efforts to expedite the rollout of new infrastructure including 5G, artificial intelligence and the industrial internet, will lay a sound digital foundation for high-quality growth and upgrading the nation's sprawling manufacturing industry, legislators and political advisers said.

China's listed coal companies made more money in the first quarter aided by rising coal prices, Securities Daily reported Thursday.

China's express delivery business has experienced ups and downs this year because of the COVID-19 pandemic. The industry witnessed a decline in January but started to pick up in February. Since the second quarter, the sector's annual growth rate has exceeded 30 percent, with 50 billion parcels delivered by the end of September.

China's higher interest rates mean the nation is in a better position of "not having to print money," Dalio said, adding people are going to see the internationalization of the renminbi.