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China's international trade in services grew by 17 percent year-on-year to 7.31 billion in the first half of 2018, setting a record even amid the current global economic troubles, the Ministry of Commerce said.

China's growth may need to be around 6 percent next year to achieve its goal of doubling its 2010 GDP by 2020, Niu said. "There's still some room for China to take countercyclical measures to stabilize growth," he said.

China's influence in Africa is growing based on good diplomatic relations, compared to the West's history of manipulation and merciless exploitation of the continent. China has 52 diplomatic missions in Africa compared to 49 of the US. Of the five UN Security Council members, China has the most peacekeepers in Africa with more than 2,000 troops in five countries. One of the best writers on the exploitation of Africa by the West, Zambian born Economist Dambisa Moyo, in her book, Dead Aid, points out that: "The narrative of donor and recipient has changed considerably with China." Chinese banks are currently giving more loans to African countries than the World Bank. This is a real headache for the West, as the era of exploitative conditional lending to African countries has been rendered obsolete. The West is trying to figure out how to counter China's influence in Africa so it can retain its threatened and tainted foothold in Africa.

China's imports jumped 21.5 percent year-on-year to 10.11 trillion yuan (.52 trillion) from January through October this year－as domestic demand for bulk commodities, mechanical and electrical products notably surged, the General Administration of Customs announced on Wednesday.

China's courier firms defended their recent move to raise prices of their delivery services for the upcoming Singles Day online shopping festival on Nov 11, which is also known as 11/11.