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China's fiscal measures, including tax relief and direct subsidies for the epidemic control work, have been included in the G20's trillion economic stimulate plan, it said.

China's foreign exchange reserves rose to a 14-month high in US dollar terms at the end of June, amid higher asset values and generally balanced foreign exchange supply and demand, the top foreign exchange regulator said on Monday.

China's e-commerce giant Alibaba took sixth on the list with 2.53 billion in brand valuation, up 16 percent year-on-year, while JD.com saw a 24 percent surge to .49 billion, according to the report. Chinese internet heavyweight Tencent came in seventh with a brand value of 0.98 billion.

China's exports to the US rose by 7.5 percent year-on-year to 248.35 billion yuan, while its imports soared 20.5 percent to 103.59 billion yuan, leading to a 144.76 billion yuan trade surplus with the US, down by 0.2 percent year-on-year.

China's development demands constant innovation and creative solutions, with higher technical requirements than other places in the world, Didi's Cheng said, noting that China's models are being copied by startups in other countries.