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Chinese President Xi Jinping (2nd L) and his Russian counterpart Vladimir Putin (2nd R) attend a bilateral energy business forum in St. Petersburg, Russia, June 7, 2019. [Photo/Xinhua]

China, where 120,000 JLR vehicles were sold in 2016, is the company's largest single-country market, generating one-fifth of global sales. Retail sales for June were up 65.3 percent year-on-year in China, with UK sales up 3.8 percent, Europe up 3.7 percent and North America up 3.2 percent.

China, the world's largest importer of crude oil and gas, imported 440 million metric tons of crude oil in 2018, a year-on-year increase of 11 percent, with its foreign oil dependency ratio reaching 69.8 percent. This reliance is expected to grow in 2019, according to China National Petroleum Corp's Economics and Technology Research Institute.

China's per capita GDP has topped ,000, and its middle-income population has exceeded 400 million. This will create more demand for a greater variety of quality products, technologies and services, thus providing a lasting boost to global revival.

China's urbanization rate is expected to reach 70 percent and 80 percent in 2030 and 2050 respectively, as its stable growth rate will help fuel domestic demand despite slowdowns in investment, consumption and exports, said experts during a recent forum.