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China's liabilities had been rising rapidly during previous years, with the macro leverage ratio rising 13.5 percentage points each year from 2012 to 2016.

China's market entities have surpassed 100 million units in mid-March this year, including over 31 million enterprises. "The increasing number of market entities indicates that China's market vitality is increasing. The supply-side structural reform in the past two years has achieved substantial progress. The government's administrative reform and transform government functions, especially some measures to reduce cost and improve the business environment had positive progress," Niu said.

China's economic policymakers are using stimulative fiscal and monetary policy for two purposes. First, they seek to cushion the economy's long-term transition to an economy driven by consumption, services, and higher value-added manufacturing. Second, they are also fighting headwinds largely caused by external factors - a slowing world economy and trade disputes.

China's giant personal computer maker Lenovo Group Ltd posted a quarterly loss on Friday－blaming higher costs and sluggish sales in the personal computer and smartphone market.

China's fixed-asset in railway infrastructure reached 325.9 billion (.5 billion) in the first half of this year, exceeding its investment goal, according to the country's top railway operator on Monday.