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China's maternal and infant product market is poised to witness steady growth over the next few years as an increasing number of young mothers scout for high-quality, personalized and trendy products along with upgrades in their consumption.

China's industrial output expanded by 4.8 percent on a yearly basis in July while the country's fixed-asset investment, including manufacturing, infrastructure and property sectors, declined by 1.6 percent year-on-year from January to July, narrowing from the 3.1 percent decline in the first six months, according to the NBS.

China's economy kicked off 2018 on a strong note with better-than-expected data for the first two months.

China's outbound direct investment in economies along the Belt and Road Initiative continued to grow in the first quarter despite the nation's ODI seeing an overall decline during the period, the Ministry of Commerce said on Tuesday.

China's non-financial outbound direct investment increased 0.7 percent year-on-year to 235.08 billion yuan (.08 billion) in the first four months of the year, according to the Ministry of Commerce on Wednesday.