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China's insurance sector saw premium income fall 3.33 percent year-on-year to 2.2 trillion yuan (0 billion) in the first half of the year, official data showed.

China's leadership has announced a series of measures to expand opening-up and has moved ahead to lower the import tariffs on vehicles and auto parts, anti-cancer drugs, and daily consumption goods, and to eliminate specific measures such as restrictions on the proportion of foreign ownership of banks and financial asset management companies. The country's initiatives in opening up the market have greatly reduced or even eliminated the doubts of the international community regarding the prospects of economic globalization, and have also injected new dynamism into the recovery of the world economy.

China's economy grew at an average annual rate of 9.8 percent between 1979 and 2012, dwarfing the global growth of 2.8 percent in the same period.

China's drone market is expected to grow annually by 40 percent to have an output value of 60 billion yuan by 2020, according to the Ministry of Industry and Information Technology. The industry will have an output value of 180 billion yuan by 2025.

China's first private and digital-only bank, WeBank, is looking to expand into Australia where the banking sector is dominated by the "big four" banking groups.