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China's healthcare spending as a percentage of GDP grew from about 2 percent in 2005 to 3.5 percent in 2009 when the reform started, to about 6 percent today. In a time of rapid GDP growth, this was almost a tripling of real healthcare spending. Total expenditures are now about 4 trillion yuan (5 billion) and research by Deloitte Analysis predicts it will top 8 trillion yuan by 2020. By 2030, total Chinese spending on healthcare will reach 16 trillion yuan, 10 percent of that year's expected GDP.

China's further reform and opening-up will support the renminbi to be accepted as a trustworthy international currency. [Photo/Sipa]

China's investment in 5G infrastructure has witnessed an unprecedented growth with bulk of the efforts being trained at creating new infrastructure that will lend "innovative but strong" impetus for local economic growth, experts said.

China's electric car market, the largest of its kind worldwide, is no short of shooting-to-stardom stories. For instance, the country's largest battery maker, CATL, is merely eight-year-old and it has made onto the supplier list of carmakers from Volkswagen to Toyota and BMW.

China's industrial output grew by 4.8 percent year-on-year in July, data from the National Bureau of Statistics showed Wednesday.