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China's cross-border trade with Myanmar is gaining momentum in the wake of the government's latest measures.

China's investments in the overseas auto industry have totaled more than billion since 2008, according to the report. In the United States, Chinese companies now are hiring thousands of workers and manufacturing products from auto glasses to luxury cars.

China's economy has maintained steadily growing momentum, Li said, with the growth rate remaining between 6.7 percent and 6.9 percent for 11 consecutive quarters, while the employment rate has continued to rise.

China's fast-moving consumer goods (FMCG) consumption remains robust against downward economic pressure, while transformation in retail models is picking up pace, according to the latest China Shopper Report from global management consulting firm Bain & Company and shopper behavior observer Kantar Worldpanel.

China's national weather observatory issued a blue alert on Sunday, the lowest in a four-tier weather warning system, for rainstorms in the central and eastern parts of the country in coming days, after recent floods in Guangdong province brought direct economic losses of 39 million yuan (.7 million).