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China's economy expanded 6.8 percent year-on-year in the first quarter of 2018, above the government's annual target of around 6.5 percent.

China's home appliance industry has become mature, with total accumulated value of the top three companies accounting for 80 percent of the total, Hoogewerf said.

China's outbound tourism saw steady growth in the first half of this year, and countries involved in the Belt and Road Initiative have emerged as popular attractions for Chinese travelers, the China Tourism Academy said in a news conference in Beijing on Thursday.

China's economy grew by 4.9 percent year-on-year in the third quarter. The country has been projected by major international organizations to be the only major economy to record growth this year. The International Monetary Fund forecast in its latest economic outlook that China's GDP will expand by 1.9 percent this year.

China's foreign exchange reserves rose slightly in October, capping nine consecutive months of increases, thanks to effective capital flow management and improving economic fundamentals, analysts said.