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Chinese people have limited investment avenues and mainly focus on homes and stocks, said Yang Delong, chief economist at investment firm First Qiankai Fund. In the past ten years, Chinese families spent nearly 70 percent of their savings on buying houses.

Chinese Vice Premier Liu He, also a member of the Political Bureau of the Communist Party of China Central Committee, will exchange views on China-US economic and trade issues of common concern with the US delegation.

Chinese economic policies will maintain stability and continuity to enhance international macroeconomic policy coordination and tackle headwinds, economists said.

Chinese mobile dating app Tantan released a "love report" about the post-95s generation on Aug 7, Qixi Festival – China's own Valentine's Day. It's based on over 18,100 respondents to a questionnaire, covering those who were born between 1970 and 1995.

Chinese authorities will likely halt issuing new permit to electric car makers, while looking to set a higher standard for entrants, media outlet The Paper reported on Thursday citing sources close to the matter.