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China's insurance regulator seized control of Anbang in February. It said Anbang had violated regulations, putting into question its ability to pay insurance claims. The move caused concern in the New York real estate sector over whether the hotel's conversion plans made last year would proceed.

China's electricity consumption, an important indicator of economic activity, also rose significantly during the first half of this year, rising 9.4 percent to some 3.23 trillion kilowatt-hours in the first six months, a half-year record high during the past six years, said the administration.

China's drone market has a huge demand, which is expected to grow even more in the post-COVID-19 era and will provide a broader space for Aeronext to grow, Toji said.

China's government reasserted the importance of manufacturing in the Oct 28-31 Fourth Plenary Session of the 19th Communist Party of China Central Committee - especially calling for modernization of the industrial chain and of applying science and technology to upgrading of the manufacturing sector. And, during a visit in September to the Zhengzhou Coal Mining Machinery Group Co, President Xi Jinping underlined the importance of developing the real economy through bolstering manufacturing to enhance high-quality economic growth. Xi said that while China has the world's largest manufacturing industry, efforts are still needed in realizing industrial transformation and upgrading through technical and industrial innovation to move the nation's manufacturing up the industrial chain.

China's fast growing online literature industry has also seen a surge in overseas markets.