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China exports many low-end medicine ingredients and raw materials, such as vitamin C and antibiotics, but relies heavily on imports for the high-end ones, according to Shi.

China has found an unexpected ally in a controversy over cybersecurity that has targeted telecoms giant Huawei and its participation in Western wireless networks.

China experienced steady development of service consumption in the first half of the year, as the growth of country's catering sector, educational and entertainment business, and healthcare industry rose 9.4 percent, 10.9 percent and 9.5 percent, respectively, leading to service spending accounting for 49.4 percent of the country's total domestic consumption, an increase of 0.6 percentage point over the same period a year earlier.

China has adopted targeted poverty relief measures for about six years and launched the fight against poverty for more than three years. "Besides improving infrastructure, the new round of poverty alleviation particularly focuses on solving problems that concern people the most, such as education, medical service and housing, so they don't need to worry about anything else but increasing their income," Ma said.

China had 249 million people aged 60 or older at the end of last year, according to the National Bureau of Statistics.