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China's home furnishing and decoration industry has seen steady growth at a rate of 7 percent annually the past few years. The highlights were in online shopping due to its wide selection and convenience.

China's economic recovery continued to gather steam with improving major economic indicators including retail sales of consumer goods, industrial output, the export of goods and the purchasing managers' index for the manufacturing sector. The country has become the only major economy projected by the World Bank to achieve positive growth in 2020.

China's new infrastructure rollout is attracting a growing number of private investors from both home and abroad, which industry experts believe will further help local startups to resolve key technical problems.

China's national standards for biomethane quality, which will probably have clear requirements on biomethane production, storage, transportation, and injection into the natural gas network, are currently under review, and set to be released within a few weeks, according to a source close to the matter who did not want to be identified.

China's foreign debt structure continued to see positive changes with risk indicators remaining stable, said Wang.