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China's rail freight transport volume, an indicator of broad economic activity, reached 2 billion tons in the first seven months of this year, rising 4.3 percent year-on-year, a sign that it is recovering from the shock of the COVID-19 epidemic.

China's service sector has become a new engine for economic growth, accounting for 52 percent of the total GDP, Economic Daily reported Thursday quoting commerce officials.

China's top green finance institute has jointly launched a green stock index with the Luxembourg Stock Exchange and domestic index developer China Securities Index Co Ltd to track the green performance of listed companies.

China's private consumption may grow at a faster pace of 6.3 percent this year, compared with 6 percent in 2019. Stronger consumption will help stabilize the labor market, release pent-up demand and support a solid expansion of the service business, the economist said.

China's top 100 internet companies have beefed up research and development spending, driving their emergence as first-tier international players and laying down a sound footing for growth of the nation's digital economy, a report said on Wednesday.