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China's insurance regulator has recently warned against fake insurance products, especially the so-called "love insurance" offered online that bets on the relationships of public figures.

China's economy expanded by 6.9 percent in the first half of 2017, with consumption and services, together with new innovation-driven economic sectors, taking up larger roles. In light of the strong data and expectations of continued fiscal support, the IMF in July revised China's growth forecast upward to 6.7 percent for 2017 and 6.4 percent for 2018.

China's monetary policy should remain independent, along with a flexible renminbi exchange rate. [Photo/VCG]

China's new tariff cuts covering a wide range of items from aircraft engines to sunglasses and whisky, which became effective on Jan 1, will help both global and home companies save operating costs and maintain robust growth, said experts and business executives.

China's economic growth beat forecasts to reach 6.9 percent year-on-year in 2017, marking the first acceleration since 2010 despite financial regulatory tightening and measures against pollution that affect growth.