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China's nonmanufacturing PMI edged down to 54.2 in July. The composite PMI, covering manufacturing and nonmanufacturing activities, came in at 54.1, versus 54.2 in June, indicating that the economy has maintained restorative growth, said the NBS.
China's outbound direct investment or ODI has been increasing since 2000 and it accelerated more quickly following the financial crisis in 2008. Between 2009 and 2014, the number of ODI activities per year rose from 38 to 113, according to research of Zero2IPO Group. In 2016, China's non-financial ODI soared 44.1 percent year-on-year to 0 billion, according to data from the Ministry of Commerce.
China's instant delivery market keeps expanding as a result of "indolence economy" and fast living pace, Wang Xiaoping, associate dean of logistic school at Beijing Wuzi University, told Economic Information Daily.
China's economic performance has been generally stable with better momentum, which would stay unchanged during the rest of the year, NBS spokesperson Mao Shengyong told a press conference.
China's grain output is expected to top 650 million metric tons for a sixth straight year, with the country having just finished its summer grain harvest and abundant yields expected this autumn, the Ministry of Agriculture and Rural Affairs said.
