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Data from the National Bureau of Statistics showed China's gross domestic product expanded 6.7 percent year-on-year, slightly lower than the 6.8 percent from the first three months. But in the first half of 2018, GDP rose by 6.8 percent year-on-year. It indicated the advance of supply-side structural reform continued to provide motivation to China's economy, laying a foundation for steady economic growth and high-level CCI.

Data from another market research firm IDC showed that China's smartphone shipment fell by over 10 percent year on year in 2018.

Data from the National Bureau of Statistics showed China's economy grew at a faster-than-expected 6.4 percent year-on-year in the first quarter, remaining at the top end of the government's projected growth range of 6 to 6.5 percent for this year.

Debt risks under control

Data from the Ministry of Finance showed that the quota of local government debt in 2017 was around 18.8 trillion yuan, up from 17.2 trillion yuan in 2016 and 16 trillion yuan in 2015. Last year, China's local government debt balance was 15.3 trillion yuan, a 4.3 percent decrease year-on-year.