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China's new yuan loans rose to more than 12 trillion yuan (.71 trillion) during the first six months of this year, as a result of the PBOC's monetary easing measures. The amount was also about 60 percent of the annual new yuan loan target of 20 trillion yuan announced by PBOC Governor Yi Gang in June.

China's economy ended on strong footing with a better-than-expected growth rate of 6.9 percent in 2017. Official data showed an improved economic structure, with new growth drivers emerging and outdated capacity fading.

China's ongoing efforts to spur new forms of consumption will help stimulate market players' vitality, boost domestic demand and support economic recovery, said Guo Xin, a marketing professor at the Beijing Technology and Business University.

China's new "dual-circulation" development model will provide the engine for the country's future economic success and could herald a new era of globalization, according to experts.

China's economy has shown signs of firming, reinforced by an expanding manufacturing sector, rising corporate profits, increased rail freight volume, and higher machinery sales.