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China's digital economy reached 22.6 trillion yuan (.4 trillion) in 2016, over 30 percent of the country's GDP.

China's economy expanded 6.9 percent in the first half of 2017, with consumption and services, and new innovation-driven economic sectors taking up larger roles, according to data from the National Bureau of Statistics.

China's exports to the ASEAN stood at 7.09 billion during the first nine months, up 4.9 percent year-on-year. China's imports from the ASEAN hit 4.72 billion, a year-on-year increase of 5.1 percent. Vietnam, Malaysia, and Thailand were China's top three trading partners in the ASEAN. The nation's direct investment to ASEAN member states rose by 76.6 percent on a yearly basis to .72 billion.

China's new yuan-denominated loans stood at 885.8 billion yuan (2 billion) in February, a sharp fall from a record 3.23 trillion yuan in January, raising concerns about a further slowdown in the world's second-largest economy.

China's inexpensive goods have helped keep US inflation at relatively low levels and improved the well-being of its consumers. This has happened despite the fuss about the "huge trade deficit" with China, and concerns that the US stands to lose 0 billion every year, an argument used often to criticize China, Lin said.