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China's easing of investment restrictions in the financial sector has already lured many foreign firms, including Bridgewater Associates and BlackRock, to tap into the country's growing financial services market. BlackRock has registered its first onshore equity fund in China.

China's domestic excavator brands and local branches of international brands together sold 14,397 excavators in April, up 101.1 percent year on year, the association said in a report.

China's gross domestic product expanded 6.8 percent year-on-year in the first half of 2018, the NBS data showed.

China's corporate debt-to-GDP ratio is high. The ratio went up in part because of the 4 trillion yuan stimulus package announced in 2008. At that time, the money for infrastructure projects was primarily raised by local government financing vehicles, for the central government did not want to see an excessively rapid increase in the deficit-to-GDP ratio.

China's leading dairy producer Yili Group will continue to boost product quality, with changing tastes driving changes in the global market, said its executive president Jan 25 during the World Economic Forum in Davos, Switzerland.