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China's universities are expected to produce a record 8.34 million graduates this year, up 140,000 from a year earlier, according to the Ministry of Education.

China's well-developed high-speed railway and e-commerce networks are perfect infrastructure for consumers in lower-tier cities or towns to travel, work and check the product information via their smartphones. This information equivalence expands the luggage market beyond the major cities, Fan said.

China's proposed tariffs on US soybean and pork will have limited impact on domestic consumer inflation measured by the consumer price index, he added. Estimates show that if domestic soybean prices rose by 25 percent, China's CPI will still be kept at an average of 2.4 percent, well below the control target of 3 percent, for this year. Considering the fact that China can import such products from other countries, the real effect will be even smaller, Wang said.

Chinese President Xi Jinping, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, addresses a national conference in Beijing on Tuesday and Wednesday. [Photo/Xinhua]

China's total desert area is shrinking at a rate of 2,400 sq km a year, he said, adding that by the end of the 20th century, deserts were expanding by more than 10,000 sq km per year.