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Apart from short-term fiscal and monetary policy reactions, China needs to carry out structural reforms to boost productivity growth by further reducing distortions such as those in the allocation of land and capital. Promoting competition and opening-up to encourage greater diffusion of technologies, and stimulating discovery through investment in R&D, including basic research, is also necessary, he said.

Another similar program provided by the University of San Francisco has accepted 33 Chinese students through their gaokao scores since the program was established in 2015.

Anta group's interim results for the six months ending on June 30 saw its revenue increase 19.2 percent to .1 billion and profits up 28.5 percent to 7.4 million.

Another highlight is a rare pair of Imperial embellished lapis lazuli Da Ji double-gourd-form plaques, also Qianlong period with an estimate of 180,000 pounds at the Fine Chinese Ceramics and Art sale on Nov 5.

Anton Muscatelli, chairman of the Russell Group, a body representing 24 research universities in the UK, said overseas students could soon comprise up to 50 percent of the student body at many British institutions. This would most likely involve heavy recruitment from India and China, he added.