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China's strength and confidence have been strengthened through overcoming difficulties and dealing with pressure over 40 years of reform and opening-up, Geng said.

China's pet industry has seen explosive growth, and online channels are playing a vital role in pet consumption, with high-end imported pet food and daily necessities, as well as grooming, and medical care products and services favored by a tech-savvy generation, a report said.

China's top labor union has called for more support to help workers find or create jobs, especially during the ongoing efforts to cut capacity in the steel and coal industries.

China's pet market will grow annually at an average 20.5 percent to exceed 200 billion yuan (.5 billion) in sales by the end of 2020, according to an industry report from Guangzhou Yourpet Network Technology Inc.

China's property market cooled last year, with the government's efforts to rein in speculation, such as purchase restrictions and higher downpayment requirements.