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China's research and development recorded a 20 percent increase when compared with the same period last year, higher than the world's average growth rate of 8.3 percent.

China, still a developing economy, remains in the middle of industrialization and boasts an enormous, promising market, Xiao said, adding that there could be much improvement in manufacturing, innovation, urban-rural coordination, and people's livelihoods.

China's vegetable exports to Russia are mainly carried out through customs checkpoints in Suifenhe and Heihe, and also in Manzhouli in the Inner Mongolia autonomous region.

China's stock markets, among the largest in the world in terms of capitalization, are now "impossible to be ignored by index providers" after the country's fruitful work in opening up its financial markets, said Hussein Sayed, chief market strategist at FXTM, an international foreign exchange platform.

China's sharing economy has just been taken to a whole new level by Zhima Credit of Ant Financial, Alibaba's finance arm, making it even more citizen-friendly.