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China's economy expanded 6.9 percent for the first half of 2017, better than market expectations, which prompted global institutions such as the International Monetary Fund to raise GDP forecasts for the country.

China's express delivery industry expects to surpass 860 billion yuan in revenue this year, with the industry reaching its peak in the middle of this year, People's Daily reported on Monday.

China's growing reliance on spot purchase means importers will play an increasing role in balancing the global LNG markets and moving international prices, he said.

China's enhanced endeavors in opening the market wider, such as hosting the CIIE, will generate fresh opportunities for global companies to expand in the promising market, said Bai Ming, deputy director of the international market research institute under the China Academy of International Trade and Economic Cooperation.

China's life sciences industry has received more than 0 billion in government funding and last year more than billion was invested into the local industry, according to ChinaBio Consulting.