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China's cross-border e-commerce sector has grown exponentially as the country's middle and high-income shoppers demand increasingly diversified and personalized products and services.

China's cruise economy, which started in 2006, saw a 45 percent compound annualized growth rate in the past decade. Wu Zhenglian, a cruise design expert with a research institute at CSSC, estimated that 4.5 million Chinese people will go on cruises by 2020, which would need 40 cruise ships to homeport in China.

China's housing market had a red hot start to 2017 with soaring prices in some major cities, but ended on a cool note after local governments rolled out a string of restrictive measures echoing the central government's call that "housing is for living in, not for speculation."

China's local brands are also working to extend their range of electric vehicles to appeal to a broader market. Geely Auto, Xiaopeng and Shanghai Automotive Industries Corp displayed models all promising more than 500 kilometers on one charge.

China's national observatory renewed a red alert, the highest warning level, for Typhoon Bavi at 6 am Thursday, which is expected to bring gales and rainstorms to Northeast China.