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China's overall market was worth 1.5 million in 2016, according to the latest data from wine and spirits analytics firm IWSR, with Scottish whiskey imports taking up virtually all of that. US whiskey imports are in second place but growing rapidly.

China's economic performance index ranked second among the economies surveyed. The country managed to create more than 13 million urban jobs for four consecutive years, despite downward pressure. The registered unemployment rate in Chinese cities stood at five percent over the past four years.

China's emphasis on innovation in recent years has led to more opportunities for global clinical development and research programs to be carried out in the country, which has benefitted its people, said the executive of a leading German pharmaceutical company.

China's domestic market has huge growth potential and the development of the country's manufacturing industry will bring the world greater investment opportunities and broader investment prospects under the new economic development pattern of "dual circulation," said Vice Commerce Minister Wang Shouwen at the opening ceremony of the convention's Jianghuai Online Economic Forum.

China's fiscal spending expanded 9.9 percent year on year to around 13.8 trillion yuan during the January-July period, MOF data showed.