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China's producer price index (PPI), which measures costs for goods at the factory gate, rose 5.5 percent year on year in July, according to the NBS.

China-India relations have recently shown a positive momentum, as pragmatic cooperation is deepening and grassroots-level friendly exchanges have become increasingly proactive, Xi said.

China's rural residents spent 894.54 billion yuan (1.47 billion) online in 2016, accounting for 17.4 percent of the nation's total, according to the Ministry of Commerce.

China's stronger-than-expected economic growth in the first quarter has prompted economists to raise their full-year forecasts, lifting confidence about the resilience of the economy.

China's private consumption may grow at a faster pace of 6.3 percent this year, compared with 6 percent in 2019. Stronger consumption will help stabilize the labor market, release pent-up demand and support a solid expansion of the service business, the economist said.