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As outlined in the 14th Five-Year Plan (2021-25) proposals, manufacturing, especially the high-end manufacturing sector, will become a major driving force of China's long-term economic growth. KPMG expects the development of high-tech manufacturing and industrial upgrades to stimulate investment over the next 12 months. As privately owned enterprises account for 90 percent of China's manufacturing sector, stronger investment data on manufacturing will reflect the improvement of the private sector, said Kang.

As one of the first economies to contain the epidemic and restart the economy, China's recovery and re-consolidation of economic foundations has a guiding significance for the world economy, it said.

As of June 30, the contract value of the debt-for-equity swap program reached 2.4 trillion yuan (0 billion) with about 1 trillion yuan already in place and ready for investment. The value of new contracts of debt-for-equity swaps signed in this year reached 390 billion yuan, according to the NDRC.

As of Wednesday, 1,432 Chinese listed companies had disclosed their preliminaryfirst-quarter reports, and 66 percent of them registered a net profit growth or turned losses into gains, according to data compiled by Wind, a leading information service provider.

As of Friday, the stocks had been traded for 15 trading days and registered a dazzling average gain of 20 percent since their debut, eclipsing other boards of the A-share market.