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China's cotton output peaked in 2012 at 6.84 million tonnes, more than 2.2 times that of 1978, and started to drop until a rebound in 2017.

China's move to raise tax rebates on some exports is expected to ease the burden on the real economy and stabilize foreign trade growth to cope with complicated global scenarios, particularly trade frictions, according to analysts.

China's gross domestic product rose 6.9 percent year-on-year to about 38.15 trillion yuan (.6 trillion) in the first half of 2017, data from the National Bureau of Statistics showed.

China's e-commerce giant Alibaba Group Holding Ltd announced Thursday its plan to help lift Chinese farmers out of poverty in southwest China’s Chongqing, as the country is trying to eradicate poverty by 2020.

China's outbound investment, starting later than other countries, still lacks experience and faces some challenges, Zhong said. But the challenges are "difficulties in the process of progress", he said.