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China's supply-side structural reform, which has gained steam, has greatly improved the development efficiency and quality, backing up a promising market.

China, as a key partner in the summit, will organize a three-day forum — "China Pavilion" — in collaboration with the state of California, on the sidelines of the summit.

China's tourism industry has seen rapid development in recent years. During the 2018 National Day holiday, for example, the country's tourism industry raked in over 599 billion yuan (about billion) in revenue from domestic tourists, up over 9 percent compared to the previous year.

Chinese Foreign Ministry spokesperson Lu Kang said at a daily briefing on Friday that China always encourages the DPRK and the United States to meet each other half-way and resolve their own concerns through dialogue and consultation.

China's rich people are now more conservative in terms of taking investment risks. According to the report, more of the mare opting for "wealth preservation" and "inheritance" as their major wealth targets, instead of "wealth creation", which was their focus back in 2009, reflecting changes in needs and values.