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China's industrial enterprises will fare well this year, so long as China's infrastructure investment can remain stable, said Jiang Feitao, an economist of the Institute of Industrial Economics of the Chinese Academy of Social Sciences. Fixed-asset investment, especially infrastructure investment, has a major bearing on demand for raw materials and in turn influences corporate profits, he told National Business Daily.

China's domestic tourism has started to rebound. Trip.com said it will open a flagship store on JD.com to seize the window period of the tourist market recovery.

China's gas consumption grew 15 percent in the first half of 2018 from a year earlier, which led to a 50 percent surge in LNG imports, pushing them to a historic high of 24 million tons in the first half of 2018.

China's difficult but increasingly successful fight against corruption was outlined on Friday to senior international visitors, by the Communist Party of China's Shanxi Provincial Committee.

China's major manufacturers sold a total of 149,553 excavators in the first seven months of this year, up 13.9 percent from the same period last year. During the period, excavator exports surged 35.7 percent from a year ago to 14,491.