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China's outbound travel market will maintain double-digit growth this year, despite possible slowed growth in the second half of the year due to recent exchange rate fluctuations, according to a report released by China Tourism Academy and online travel agency Ctrip, thepaper.cn reported.

China's efforts to transform its economy into an innovation-driven economy is like a wake-up call for people in western countries who still believe that China is "doing cheap products", Kurvinen added.

China's coal market continued to cool despite plummetting temperatures and increased demand as the winter heating season looms in northern China.

China's entertainment sector, which was on a roll last year, seems to have run into a rough patch judging by the lower-than-expected profit of top companies in the first half of this year.

China's deleveraging and risk reduction campaign showed initial signs of success in 2018, but it also constrained small and private businesses from finding credit in the less-regulated shadow banking sector. Credit constraints have affected many companies and added debt default risks, which could also increase unemployment in a slowing economy, analysts said.