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China's education market has developed rapidly, especially in large cities. Piano, painting, chess, skating and other lessons spring up in major shopping districts. Expensive summer camps claiming to broaden children's horizons are also popular. Spending on children's education is rising each year.

China's overall leverage ratio is still growing, but at a slower pace. Overall leverage was 257.8 percent of GDP at the end of the first quarter of 2017, slightly up from 257 percent at the end of 2016. The non-financial corporate leverage ratio declined to 165.3 percent at the end of March from 166.3 percent at the end of 2016, according to BIS.

China's home-sharing market is booming as Chinese consumers have started to pursue high-quality travel and value satisfactory accommodation, which has spurred the explosive growth of home-sharing service providers, experts said.

China's consumer inflation and factory-gate prices rose at a weaker-than-expected rate in December, data released on Thursday showed.

China's cross-border e-commerce sector has been growing exponentially over the past few years as the country's middle- and high-income shoppers are demanding increasingly diversified and personalized products and services.